American Insurance Group’s global real estate division has put its $12bn (€9bn) fund management group up for sale as part of a five-year plan to repay an $85bn government loan bailout.

Merrill Lynch and Bank of America are advising AIG on the sale of Global Real Estate's fund management business, which had 15 funds with over $12.4bn in assets under management and $5.2bn in equity capital commitments as of September 30. It has operations in operations in Europe, Japan, Latin America and Asia.

AIG division to sell off fund management group

Stephanie Baum in New York

BMO Financial Group

Munich Re Group

Bank of America

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Evelyn Partners’ private equity backers target NatWest and RBC for potential sale

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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