AIG Group joins CLS shareholders
11 November 2002 | 2518 views | 0
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."