AIG Names Dachille to manage $350 billion, will acquire his firm

July 31, 2015 by Sonali Basak

American International Group Inc. Chief Executive Officer Peter Hancock hired former colleague Doug Dachille to oversee the insurer’s investment portfolio of more than $350 billion, and agreed to buy his firm.

Dachille, 51, was named chief investment officer and takes over the duties of William Dooley, who is retiring, New York- based AIG said in a statement Tuesday. The insurer will acquire Dachille’s First Principles Capital Management, which oversees about $10 billion. Click here to read…

Originally Posted at LifeHealthPro on July 28, 2015 by Sonali Basak.