American International Group (AIG), a global insurance company headquartered in New York, has appointed Sharon French to succeed Peter Harbeck as president and chief executive officer of its retirement division, according to a news release.
French will lead the Life & Retirement Funds business, which comprises both AIG’s retail mutual funds operation and SunAmerica Asset Management LLC. The two divisions manage and administer over $85 billion in assets across multiple Life & Retirement business lines, the company said.
Harbeck will be retiring from both posts, according to the news release.
French has held a variety of senior roles during her 30 years working in the financial services industry, most recently as executive vice president, head of Beta Solutions for OppenheimerFunds in New York.
French earned a bachelor's degree in business management from the University of Delaware. She is president and a member of the Global Governance Committee for Women in ETFs.