American General of Houston, the financial service organization with assets of $123 billion under management, has announced that it has realigned its operations into two divisions - asset accumulation and financial services.

The asset accumulation division will run the mutual fund operations, retirement services, investment management and information technology for the company, according to the announcement. The financial services division will run life insurance, consumer finance, international operations, and administration for the company. The marketing for these operations will be separated into the new divisions, according to John Pluhowski, a spokesperson for American General.

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