Capital IQ Power Moves

American International Group (AIG) has named Alain Karaoglan as senior vice president-divestiture. As head of the divestiture office team, Mr. Karaoglan will be responsible for bringing to market AIG’s divesting assets and managing the resulting complex transactions around the world. He will report to Paula Rosput Reynolds, AIG vice chairman and chief restructuring officer, and will assume his new duties on June 29, 2009. Mr. Karaoglan succeeds Philip Jacobs, formerly AIG’s global tax director before becoming senior vice president-divestiture. Mr. Jacobs has accepted a senior tax-related position with another company. Prior to joining AIG, Mr. Karaoglan served as managing director-equity research at Banc of America Securities . -Business Wire