NY Federal Reserve makes Morgan Stanley coordinator for AIG IPO

July 20, 2009 by · Leave a Comment
Filed under: Industry News 

July 20 (Reuters) – The Federal Reserve Bank of New York has guaranteed Morgan Stanley a global coordinator’s role in any initial public offering (IPO) of American International Group  units, documents made public on the New York Fed website show.

According to the documents, Morgan Stanley will earn percentage fees from the NY Fed if AIG sells any of its businesses, in addition to an initial $4 million payment as an advisory fee and $2.5 million per quarter.

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