American International Group, Inc. has announced the appointment of Sharon French as President and Chief Executive Officer, Life & Retirement Funds. Ms. French succeeds Peter Harbeck, who announced his intention to retire late last year.
In her new role, Ms. French will lead the Life & Retirement Funds business, which comprises both AIG’s retail mutual funds operation and SunAmerica Asset Management, LLC, which manages and administers over $85 billion in assets across multiple Life & Retirement business lines.* Ms. French will assume her new position in late June.
“We are pleased that Sharon will be joining AIG to advance our strategy to broaden our distribution footprint and the range of our product and service offerings,” said Kevin Hogan, Executive Vice President, and Chief Executive Officer, Life & Retirement. “With her deep experience in investment management, pioneering innovative product offerings and strategy development, Sharon is well positioned to develop new opportunities to grow the Life & Retirement Funds business.”
Ms. French has held a variety of senior roles during her 30 years in financial services, most recently as Executive Vice President, Head of Beta Solutions for OppenheimerFunds where she led the strategy, development, and implementation of the firm’s smart beta ETF products and solutions. She also oversaw the firm’s Environmental, Social and Governance (ESG) efforts and served on the firm’s Senior Leadership Team, governing the overall strategic direction of OppenheimerFunds. Previously, she served as Senior Strategic Advisor to the CEO and President of Investment Management at BNY Mellon and Head of Private Client & Institutions at BlackRock. She spent nearly a decade at AllianceBernstein and held prior roles at mPower, Smith Barney and Chase Manhattan Bank.
Said Ms. French, “I’m looking forward to working closely with Kevin and with talented leaders and teams across the organization to further enhance the strategic positioning of Life & Retirement Funds and develop new offerings to meet the needs of clients and distribution partners.”
Ms. French received a B.S. in business management from the University of Delaware and earned her Certified Investment Management Analyst designation from the University of Pennsylvania’sWharton School of Business. She is President and member of the Global Governance Committee for Women in ETFs; serves on the Board of Wake Forest University School of Business, and is a member of the Investment Company Institute’s ETF Governance Committee. She has also recently served on the Dean’s Advisory Council for the University of Delaware Lerner School of Business and as Co-Chair of the ETF and Managed Solutions Committee for the Money Management Institute.
*As of March 31, 2019