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SunAmerica Hires CIO

Timothy Pettee has joined SunAmerica Asset Management Corp. as its chief investment officer and director of research.

He will oversee the investment team of AIG SunAmerica Mutual Funds, which manages more than $7 billion in equity and fixed-income assets. Pettee will also manage the firm's research and trading units and report to SunAmerica President Peter Harbeck.

Pettee most recently served as EVP and global director of research at Schroder Investment Management.