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Wednesday, April 7, 2010 as of 11:14 AM ET

Jeffrey Peek

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Crisis CEOs Sullivan, Peek find new jobs

By Steve Eder and Paritosh BansalNEW YORK (Reuters) - Two former chief executiveswho were criticized during the financial crisis for drivingtheir firms to the brink have found new homes.

Former American International Group Inc ChiefExecutive Martin Sullivan, who was ousted three months beforethe U.S. government bailed out AIG in 2008, is joininginsurance broker Willis Group Holdings Plc.Former CIT Group Inc Chief Executive Jeffrey Peek,whose plans to turn the sleepy commercial lender into a WallStreet player were laid low by the credit crisis, has joinedBarclays Capital.The two are the latest among a series of senior financialservices executives who are finding new roles after beingdisplaced by the financial crisis.Other executives who found new jobs include John Thain ,Thomas Russo and Gregory Fleming.Thain, who was pushed out as CEO after Merrill Lynch wasbought by Bank of America Corp, now heads CIT. Russo, aformer top lawyer at Lehman Brothers Holdings Inc,is now AIG's general couns...

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