NU Online News Service, July 15, 2:40 p.m. – American International Group, Inc., New York, has named Joel L. Epstein to the new position of country manager of the company’s operations in the People’s Republic of China, the company announced today.

It also appointed Kenneth J. Juneau as executive vice president, American International Assurance Company, Limited, AIG’s flagship life insurance company for Southeast Asia and China. The position makes Juneau AIG’s senior life insurance executive for China.

Epstein will be responsible for all of AIG’s business in China, including its wholly owned life and non-life insurance operations in eight city zones, as well as for identifying future opportunities in insurance, financial services and asset management. Epstein will also continue as chairman and chief executive officer of AIG Consumer Finance Group, Inc., the company’s international consumer finance business.

Juneau will be responsible for AIA’s life operations in eight city zones, as well as future expansion of the parent company’s life business in China. He had been vice president and general manager of AIA, Korea since 1998.

Before joining AIG in 1999,. Epstein was an executive vice president with Chase Manhattan Bank, New York, where he was responsible for Chase’s international consumer finance business.

Juneau joined AIG in 1993 and has held a series of management positions in its life insurance operations in Singapore, Thailand and Australia.

“China presents an important growth opportunity for AIG, as we seek to expand into other financial services that complement our current businesses in the country,” AIG Chairman M.R. Greenberg says. “These appointments will strengthen our management depth in China, allowing us to continue our success and bring value to the marketplace and the local community.”