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Roth Moves Up AIG Executive Ladder

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The AIG Advisor Group says Larry Roth is the new president and CEO of the 7,800-advisor organization, which includes Advantage Capital Corporation, AIG Financial Advisors, American General Securities Incorporated, FSC Securities Corporation and Royal Alliance Associates. Former AIG Advisor Group President and CEO Peter Harbeck will continue to serve as the group’s chairman.

“We have a long tradition of implementing strategies that benefit our financial advisors since we entered the broker-dealer business over 21 years ago,” says Harbeck.

Other changes include:o Arthur Tambaro, vice chairman and COO of Royal Alliance succeeds Roth as president of Royal Alliance.o Joby Gruber, president and CEO of FSC Securities and Advantage Capital is now president of the AIG Advisor Network and assumes expanded responsibility for recruiting.o Jim Cannon, president and CEO of AIG Financial Advisors and American General Securities is the president of AIG Investment Advisory Services, which includes all asset management platforms and advisory consultants with close to $40 billion in assets under management;o Randy Epright is now executive vice president and COO of the AIG Advisor Group, with oversight of all operations and technology.

“We are confident that our reorganization strategy will lead to enhanced customer service, increased speed-to-market of platform implementations and upgrades, and broader allocation of our executive management team,” explains Harbeck.

Janet Levaux is the managing editor of Research; reach her at [email protected]