Tuesday, July 17, 2007

 

AIG Financial Advisors to Swallow American General

In a surprising turn of events, broker-dealer network AIG Advisor Group has announced that AIG Financial Advisors, the second-largest of the network's broker-dealers, will absorb sibling broker-dealer AIG American General Securities in the middle of next year. The network, owned by the world's largest insurer American International Group, did not disclose the eventual fate of American General's president and CEO Andrew Kalbaugh and the rest of his management team.

AIG Financial Advisors to Swallow American General
Source: Financial-Planning

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