<div id="subtitle">KeyCorp vice chairman resigns, to join struggling AIG as finance executive</div><div><p>The vice chairman for KeyCorp has left to take a job with struggling insurer American International Group, the company said Monday.</p><p>Peter Hancock, who ran KeyCorp's national banking groups, will become AIG's executive vice president of finance, risk and investments.</p><p>In a statement, Hancock said he looks forward to joining a team that is "dedicated to restoring AIG to health for the benefit of all its stakeholders."</p><p>AIG received $182.5 billion in federal funds to prevent its collapse, and event that the government predicted would have set off a global economic calamity.</p><p>In the past year, the insurance giant has sold off assets and reorganized. The government still holds an 80 percent stake in the company.</p><p>Hancock spent 20 years at J.P. Morgan, now JPMorgan Chase, where he created the global derivatives group, among others. He also was the chief financial officer.</p><p>Hancock later started Integrated Finance Limited, an advisory firm offer strategic risk management and other services.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68686885&bid=informcom" /></div><div id="copyright"><div>

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