GREENWICH, Conn. - David White, former chief investment officer of the Rockefeller Foundation, New York, joined AIG International Asset Management Inc. as executive vice president.
Mr. White, who oversaw the investment of the foundation's $2.1 billion in assets for four years, has been a leader in the institutional funds area in the use of leading edge investment products.
He will have marketing and investment responsibilities at AIG International, a 3-year-old subsidiary of the American International Group. He will report to Andrew W. Gitlin, president. AIG International manages $100 million to $200 million.
Mr. Gitlin said the firm offers the plan sponsor community diversified investment products focused on alternative investment strategies.
"We manage part of the American International Group's assets," he said, "and AIG is an investor in everything we offer to clients."
Mr. White said he joined AIG International "because it's an exciting opportunity. AIG is, in my mind, on the cutting edge of alternative investment activities."
Mr. Gitlin said Mr. White was "the leading proponent of this kind of investing in the institutional arena. He brings an incredible amount of experience from the sponsor side in alternative investing."
Before joining Rockefeller Foundation in 1991, Mr. White had been director-capital management and trust investments at Unisys Corp. since 1986.
Mr. Gitlin joined AIG in 1992 after having been with Chase Manhattan Bank, where he helped start the Chase Managed Funds Group.