American International Group (AIG) has appointed John Panagakis as Chief Executive Officer of First Principles Capital Management (FPCM), the unit of AIG Investments that serves institutional clients with expertise across the global fixed income securities and derivatives markets.
Panagakis will be based in New York and report to Douglas Dachille, Executive Vice President and Chief Investment Officer of AIG.
“John is a recognised leader in financial services and investments. He has an extensive track record in all aspects of asset management and distribution, along with significant operational and leadership experience,” says Dachille. “His proven expertise in the development and distribution of investment services for institutional investors and intermediaries will be an advantage for FPCM in the market.”
Panagakis says: “Joining FPCM at this time presents an exciting opportunity to partner with the broader AIG Investment organisation.”
Panagakis joins FPCM from TIAA Nuveen, where he spent more than 30 years in a variety of asset management, operational and advisory leadership roles, most recently as Executive Vice President, Head of International Advisory Services. While at TIAA Nuveen, he transformed the organisation from a US-focused asset manager to a global presence with international distribution, product and marketing offerings. During his tenure, he also held numerous other leadership roles that included Executive Vice President, Head of Global Institutional Business Development; Managing Director, Head of Institutional Distribution; and Director, Northeast Region Institutional and Individual Services.
