Dooley to take over AIG assets

AIG has promoted 32-year-old Bill Dooley to executive vice president for investments and financial services. Dooley will have overall responsibility for the insurer’s asset management group, taking over from Monika Machon who will continue as chief investment officer. He has held several senior roles in the firm including senior vice president of AIG Investment and company treasurer. The insurer manages around $509bn (£344bn) in assets.