People moves

Brown to lead business development at AIG

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Alternative Investment Group - based in Southport, Connecticut - has hired Sanford Brown as managing director of business development. Prior to joining AIG, Brown was a director of sales and marketing at Larch Lane Advisors, an affiliate of Old Mutual Asset Management, as well as the director of alternative investments for Old Mutual Asset Management itself prior to Larch Lane.

Brown, who also oversaw US hedge fund distribution at Deutsche Bank and Global Asset Management (GAM), will be responsible for developing relationships with institutional consultants, wealth advisors and end investors, including endowments, foundations, pension plans and family offices.