AIG Group joins CLS shareholders

AIG Group joins CLS shareholders

American International Group has become a shareholder of CLS Group, the interbank foreign exchange settlement outfit.

It is expected that AIG Trading will use the system to co-ordinate AIG member companies’ foreign exchange settlements with CLS.

AIG becomes the 67th shareholder of CLS.

Joseph De Feo, CEO of CLS Group says: "AIG adds a new financial market sector to our shareholder base that we welcome."

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