Lucy Fato has been named general counsel of American International Group Inc.

In an announcement Tuesday, the New York-based global insurance organization said Fato will oversee AIG's global legal, compliance, regulatory and government affairs function, effective Oct. 16.

“I had the privilege of working with Lucy at [Marsh & McLennan Cos. Inc.] and know firsthand that she is an incredibly accomplished executive and strategic partner,” said AIG president and chief executive Brian Duperreault, in the press release announcing Fato's hire.

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