American International Group Inc. (AIG) — Peter Hancock, head of AIG's property casualty business since 2011, has been named president and chief executive officer, replacing Robert Benmosche. Hancock will take the helm of the New York investment bank on Sept. 1. The move comes after nearly five years of restructuring under Benmosche, who is expected to stay through the first couple of months of 2015 while he is being treated for cancer. AIG went to the brink of collapse in 2008 during the height of the financial crisis and required a bailout of $182 billion.

Altium Capital — The London private equity firm appointed Oliver Vaughan as an assistant director. He joins Altium from Livingstone Partners where he was also an assistant director. Before that, he was with Deloitte. His hire marks yet another move toward expanding Altium's London office. Octavia Wayne recently joined the team as an analyst in April.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.