Embattled insurance company American International Group has named Thomas Russo, the former top lawyer of Lehman Brothers, as general counsel. He also will hold the position of executive vice president for legal, compliance, regulatory affairs, and government affairs. Russo assumes the general counsel post formerly held by Anastasia Kelly, who resigned in December 2009 over a government-imposed pay limit.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...