SEARCH

AIG to sell division to Abu Dhabi firm

print   ·   T  T  

NORTH CAROLINA: American International Group on Monday said it had agreed to sell its wealth management arm AIG Private Bank to Aabar Investments PJSC of Abu Dhabi. The terms of the deal were not disclosed. Under its new ownership, AIG Private Bank will become an independent financial institution, headquartered in Switzerland along with branches and representative offices in Hong Kong, Shanghai, Singapore and Dubai. — AP


O
P
E
N

close

Recent Article in BUSINESS

HZL profit up 33 % in Q2

Vedanta group company Hindustan Zinc Ltd (HZL) on Monday reported 33 per cent growth in net profit at Rs.2,184 crore for the quarter ende... »