HOUSTON, June 10 /PRNewswire/ -- American General Corporation (NYSE: AGC)
today announced that Steven Guterman has been named executive vice president
of American General Investment Management, L.P. (AGIM), American General's
investment advisory subsidiary. Guterman will have responsibility for the
development and management of AGIM's third-party institutional asset
management business. AGIM operates as a registered adviser under the
Investment Advisers Act of 1940.
In addition to serving in the newly created position of executive vice
president of AGIM, Guterman also was elected senior vice president of the
parent company and will report directly to Richard W. Scott, executive vice
president and chief investment officer of American General Corporation and
president and chief investment officer of AGIM.
Guterman's 18-year financial services industry career includes extensive
experience managing fixed income portfolios. He joins American General from
Salomon Brothers Asset Management, where he was managing director and head of
U.S. fixed income portfolio management. Previously, he served as trader of
mortgage derivatives and as director of research of the bond portfolio
analysis group at Salomon Brothers, Inc.
Guterman, 44, a native of New York City, received his B.S. degree in
applied mathematics from the State University of New York at Stony Brook in
1976, and his M.B.A. in Quantitative Analysis from Long Island University in
1979.
AGIM offers a broad range of investment services, including investment
management, asset/liability management, and specialty investment advisory
services, to both affiliated and non-affiliated customers.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $96 billion and market
capitalization of $18 billion. Headquartered in Houston, it is a leading
provider of retirement services, life insurance, and consumer loans to 12
million customers. American General Corporation common stock is listed on the
New York, Pacific, London, and Swiss stock exchanges.
SOURCE American General Corporation
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Director - Corporate Communications, 713-831-1149, both of
American General Corporation
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