AIG Layoffs Include Head of Alt. Investments in Europe

AIG Investments has laid off its head of European Alternative Investments business, Ion Bogdaneris, peHUB has learned. Bogdaneris’ bio, which has been removed from AIG’s website, is posted below.

Bogdaneris joined AIG Investments in 2006 after working as a senior advisor to Blackstone Group. The layoff occurred in recent weeks as AIG Investments cut a chunk of its European staff. (peHUB heard a rumor that 10% of the group’s employees were cut in Europe, including marketing, business development and sales.) His LinkedIn profile hasn’t been updated yet, however.

Meanwhile Raj Ranawat, a managing director in the direct investments group in London, was also laid off.

Lastly, a source told peHUB that Devesh Bajoria, a senior analyst in the private equity funds-of-funds group in New York, has also been laid off, but we couldn’t confirm his departure. A call to Bajoria’s New York office resulted in a “This extension is not available” recording. Bio below.

Ion Bogdaneris’ bio (from Google cache):

Mr. Bogdaneris joined AIG Investments in 2006 as the Head of the European Alternative Investments business. Prior to joining AIG Investments, Mr. Bogdaneris was a Senior Advisor with The Blackstone Group based in London. Prior to Blackstone, Mr. Bogdaneris was the Chief Executive Officer of Kistefos, a privately controlled Scandinavian private equity group. Earlier in his career, Mr. Bogdaneris established GE Capital in Europe and played a key role in the successful strategy development and acquisitions of the business across Europe. His GE career also included two significant CEO operating roles in Europe. He has also worked at McKinsey & Company and Salomon Brothers. Mr. Bogdaneris received a BA in Political Science and an MBA from McGill University.

Devesh Bajoria’s bio (from Google cache):

Mr. Bajoria joined AIG Global Investment Group’s Private Equity Team in 2003 and is responsible for sourcing, analyzing and monitoring private equity investments. Previously, he was an Analyst with the Global Private Equity Group in both New York and London. As a Global Private Equity Analyst, he reviewed and evaluated private equity funds and direct investment opportunities and assisted with strategic planning, product development and portfolio oversight on a global basis. Prior to joining the firm, he worked as a Financial Analyst at Economic Analysis Group on their Securities Litigation Consulting team, assisting with equities research, financial modeling, and company research and analysis. Mr. Bajoria received a BS in Business Administration from Georgetown University with a dual major in Finance and International Business.

A request for comment from an AIG spokesperson went unreturned. If you’ve heard of other departures at AIG Investments, send anonymous tips here or here.