AIG Hires New York Fed’s Peters After Repaying Loan
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American International Group Inc. hired Federal Reserve Bank of New York veteran Brian Peters to help manage risk after the bailed-out insurer paid down a credit line with the regulator.
Peters is joining as a senior managing director in the enterprise risk management group, according to a Jan. 18 memo to staff from Sid Sankaran, chief risk officer. The insurer was rescued by the Fed in 2008 and repaid the last $21 billion it owed the regulator on Jan. 14. Peters was senior vice president in risk management at the New York Fed, where he helped oversee the 12 “largest and most systemically important financial institutions and industry utilities,” according to the memo.