Deals & People August 18, 2009
New AIG CEO Plans to Keep B/Ds
AIG’s new CEO Bob Benmosche is no longer looking for a buyer for the insurance giant’s advisory group, InvestmentNews reported.
Reported by Ellie Behling
Though reports have speculated a buyer was near, AIG’s 6,000 advisers were informed last night that Benmosche planned to keep them, according to the news report.
Benmosche, former chairman and CEO of MetLife, started August 10 as CEO.
AIG said last fall it planned to unload its three broker/dealers: AIG Financial Advisors in Phoenix, FSC Securities Corp. in Atlanta, and Royal Alliance Associates in New York City (see “AIG Advisory Groups Put Up for Sale”).
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