AIG nominates BlackRock man to board
American International Group is nominating a former head of Fixed Income at BlackRock who also boasts experience with financial regulators in the US and the UK to sit on its board.
Peter Fisher, now a senior Fellow at the Center for Global Business and Government at the Tuck School of Business at Dartmouth College, will stand for election with the 13 current members of the AIG Board at the AIG 2014 Annual Meeting of Shareholders scheduled for May 12, 2014.
Fisher spent over nine years at BlackRock serving as senior managing director from 2010 to 2013 and managing director from 2004 to 2009. During his time at BlackRock, Fisher served as head and co-head of BlackRock’s Fixed Income Portfolio Management Group, overseeing portfolio managers with responsibility for more than $1 trillion of fixed income client accounts and funds and chairman of BlackRock Asia. He continues to serve as a consultant to the BlackRock Investment Institute.
From 2007 to 2013 Fisher also served as a non-executive director of the Financial Services Authority of the UK, where he was a member of the Risk Committee. Prior to joining BlackRock in 2004, he served from 2001 to 2003 as Under Secretary of the US Department of Treasury for Domestic Finance. Fisher also worked at the Federal Reserve Bank of New York from 1985 to 2001.
“We are very pleased to put forward Peter Fisher to stand for election to the Board at this year’s Annual Meeting,” said Robert Miller, chairman of the AIG Board of Directors. “Fisher brings with him tremendous knowledge and unique perspectives in asset management and government, both of which will contribute to the depth and foundation of AIG’s Board. Furthermore, Fisher’s global experience with the regulation of financial services companies will allow him to provide valuable insight as AIG works to build upon recent successes and execute on the company's strategy.”
