AIG completes Advisor Group sale

American International Group (AIG) has completed the sale of
Advisor Group to private equity firm Lightyear Capital and Canadian
pension investment manager PSP Investments.
AIG first announced the sale of the US broker-dealer network in
January. The deal consideration was not disclosed.
The divestment is part of AIG's wider strategy to streamline
the group following pressure from investors to improve returns.
AIG CEO Peter Hancock commented: "With this transaction,
AIG has taken another step in