天美网站传媒传媒

American International Group (天美网站传媒传媒) has named a new investment officer and is buying the new executive’s firm.

Douglas A. Dachille, chief executive officer of New York City-based First Principles Capital Management, LLC, will become executive vice president and chief investment officer of 天美网站传媒传媒, succeeding William N. Dooley, who is retiring.

天美网站传媒传媒 said it is acquiring First Principles, a privately held investment management firm. The transaction is expected to close in the third quarter of 2015. Terms of the deal were not disclosed.

Dachille will report to Peter D. Hancock, president and CEO of 天美网站传媒传媒, and will join 天美网站传媒传媒’s Operating Committee. Prior to leading First Principles for 11 years, Dachille was president of Zurich Capital Markets. He began his career at JPMorgan Chase & Co., where he held a variety of positions, including global head of Proprietary Trading and co-treasurer, and built the hybrid derivatives business.

According to the announcement, First Principles, with approximately $10 billion of assets under management, will continue to operate as a wholly-owned subsidiary of 天美网站传媒传媒, headquartered in New York City. Richard F. Dolan, First Principles’ chief financial officer and managing partner, will become the firm’s CEO, reporting to Dachille.

Mark G. Alexandridis will become the firm’s chief investment officer

Topics Mergers & Acquisitions 天美网站传媒传媒