AIG FP Halves Book
AIG Financial Products has halved its notional derivatives exposure to USD940 billion since the bailout, reduced its trade count by 37% to 16,100, and cut its complex trades by 65% and its headcount to 225 from 440. But having stated he would leave by the end of 2009, COO Gerry Pasciucco told Derivatives Week he plans to stay and finish the job.
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