American International Group Inc. named a Merrill Lynch & Co. executive, Jacob A. Frenkel, as its executive vice chairman Monday. Frenkel, who joined Merrill in January 2000, will also chair AIG's global economic strategies group.
He was the chairman of both Merrill Lynch International Inc. and Merrill Lynch's global financial institutions and sovereign advisory groups. Before joining Merrill, he had served two terms as the governor of the Bank of Israel, from 1991 to 2000.
He is also the chairman and chief executive officer of the Group of Thirty, a group of senior public- and private-sector financial leaders and leading scholars.