FSC Securities CEO unexpectedly resigns
Mark Schlafly, chief executive of FSC Securities Corp., one of three independent broker-dealers owned by AIG, has resigned due to personal reasons, the company said last week
Mark Schlafly, chief executive of FSC Securities Corp., one of three independent broker-dealers owned by AIG, has resigned due to personal reasons, the company said last week.
He is an industry veteran with prior experience at A.G. Edwards & Sons Inc. and LPL Financial Corp.
Mr. Schlafly joined FSC in July 2008, two months before its parent company, American International Group Inc., was pushed to the brink of insolvency during the credit crisis. The company was subsequently bailed out by the federal government.
“We are in the early stages of identifying a successor with the experience and proven track record to lead FSC into the future,” spokeswoman Linda Malamut said. “In the interim, and effective immediately, Larry Roth, CEO of Advisor Group, will assume the additional responsibilities of president and CEO of FSC.”
E-mail Bruce Kelly at [email protected].
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