AIG names TIAA Nuveen’s John Panagakis CEO First Principles Capital

American International Group Inc.
said Wednesday it has named John Panagakis as chief executive offer of First Principles Capital Management LLC, the unit that provides institutional clients with fixed income and derivatives services. Panagakis comes to the role form TIAA Nuveen, where he spent more than 30 years in a variety of roles, most recently servicing as executive vice president and head of international advisory services. FPCM has about $8 billion in assets under management. AIG shares rose 2.4% premarket and are up 33% in 2019, while the S&P 500
has gained 15%.

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