HOUSTON, Oct. 5 /PRNewswire/ -- American General Corporation (NYSE: AGC)
recently announced that Marybeth Whyte and Michael R. Obley have been named
senior vice presidents of American General Investment Management, L.P. (AGIM),
American General's investment advisory subsidiary.
Whyte will have responsibility for the management of AGIM's municipal
portfolio management group, and will be based in AGIM's New York office.
Obley will be responsible for the company's West Coast institutional marketing
program. He will be based in San Francisco.
"With the addition of Marybeth and Michael, AGIM continues to achieve its
goal of building an experienced institutional team to serve the investment
needs of corporations, pension plans, and individuals," said Richard W. Scott,
president and chief investment officer of AGIM, and executive vice president
and chief investment officer of American General Corporation. "Their combined
42 years of experience in the financial services industry will complement the
extensive fixed income capabilities already in place at AGIM."
Whyte's 20-year financial services industry career includes extensive
experience in managing municipal bond portfolios for corporations,
individuals, and mutual funds. She joins American General from Salomon
Brothers Asset Management, where she served as director and head of the
municipal bond area. Previously, she served as senior vice president and head
of the municipal bond group at Fiduciary Trust International.
Whyte, 42, a native of New York, received her B.A. degree in psychology,
with a minor in mathematics, from State University of New York College at
Oneonta in 1977, and her M.B.A. in finance from Bernard M. Baruch College in
1983. She holds NASD series 7 and 65 licenses.
Obley joins American General from ARM Capital Advisors, LLC, where he
served as senior vice president with responsibility for business development
and client service. Previously, he served as director of marketing for
Wertheim Schroder Investment Services, Inc. and as vice president --
marketing/client servicing for The Patterson Capital Corporation.
Obley, 48, a native of California, received his B.S. degree in marketing
from San Diego State University in 1973, and his M.S. in marketing, with
honors, from California State University in 1976.
AGIM also announced that Judy Ewald, 40, has been named vice president of
AGIM with responsibility for municipal credit research. Ewald joins American
General from Salomon Brothers Asset Management where she served as a vice
president and senior credit analyst and reported directly to Whyte.
AGIM offers a broad range of investment services including investment
management, asset/liability management, and specialty investment advisory
services to non-affiliated customers, such as private corporations, insurance
companies, pension funds, and profit sharing plans. AGIM ranks as one of the
largest fixed income managers in the country today with $66 billion of
invested assets. It operates as a registered adviser under the Investment
Advisers Act of 1940.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $101 billion and market
capitalization of $16 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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CONTACT:
Investors: David W. Entrekin, Vice President
of Investor Relations, 212-446-3109; or Media: John E. Pluhowski,
Director of Corporate Communications, 713-831-1149; both of
American General Corporation
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