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AIG Announces Agreement to Sell AIG Private Bank Ltd to Aabar Investments PJSC.

Publication: Business Wire
Publication Date: 01-DEC-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, NY & ABU DHABI, United Arab Emirates -- American International Group, Inc. (AIG) announced today an agreement to sell AIG Private Bank Ltd. (AIG Private Bank), a wholly-owned subsidiary of AIG, to Aabar Investments PJSC (Aabar), a global investment company based in Abu Dhabi.

Under its new ownership, AIG Private Bank will become an independent financial institution, headquartered in Switzerland along with branches and representative...

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