AIG to hire in wake of annus horribilis

NEW YORK: AIG Global Investment Group is set to appoint an agency for international PR as it tries to move on from a bruising year of lost business.

A spokesman for the American International Group offshoot said it met with agencies this week but would not be drawn on whether AIG GIG would appoint one of them.

The organisation is directing the pitch process from its headquarters in New York, but is also thought to have held discussions with firms in London.

The brief is aimed at raising AIG GIG's profile among institutional managers around the world.  The move follows a bumpy year for AIG GIG, which manages more than £284bn worldwide.

Last October, for example, the £2.6bn New Hampshire Retirement System dropped AIG GIG from an absolute return mandate.

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