Former Securities and Exchange Commission Chairman Arthur Levitt has been named as a special advisor to insurer and financial services provider American International Group Inc.

Levitt, 74, was the longest-serving chairman in the history of the U.S. Securities and Exchange Commission, which he ran from 1993 to 2001. The company said that Levitt's duties will include providing advice on potential nominees for election to the board of directors, as well as on board procedures, structure and governance issues.

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