NU Online News Service, April 14, 3:04 p.m. EST
A former lead advisor to the Federal Reserve bank of New York and the U.S. Department of the Treasury on issues related to American Insurance Group Inc. (AIG) has been tapped as the New York-based insurer’s new head of strategic planning.
Peter Juhas will be responsible for developing plans to cash in on global growth opportunities, making sure AIG’s resources are being used efficiently on the best businesses, says AIG in a statement.
Juhas’ experience with the FRBNY and Treasury during the government’s massive bailout of AIG as well as during the company’s moves toward repayment and recapitalization appears to have made him a valuable acquisition.
“Few people understand AIG’s challenges and opportunities as well as Pete,” says Brain T. Schreiber, AIG executive vice president, treasury and capital markets.
Schreiber was head of strategic planning before being named to his current position late last year.
Juhas was a managing director in the investment banking division at Morgan Stanley since 2000. He also served as the lead advisor to the Treasury on the government control of Freddie Mac and Fannie Mae. AIG says Juhas has worked multiple transactions including mergers, acquisitions, initial public offerings, leveraged buyouts, secondary offerings, hybrids, and senior debt offerings.