AIG Global Investment Group hired Bank of New York to provide global custody services for its $90 billion in assets, said Braden Bledsoe, AIG spokeswoman. She could not provide further information by press time.
Separately, the New Jersey Division of Investment, Trenton, hired BNY to provide global custody, administration, securities lending, foreign exchange and compliance monitoring for the state pension fund's $10 billion international equity allocation. Tom Vincz, spokesman for the $63 billion pension fund, said the administration had been handled internally.
