According to a press release, PineBridge Investments will
continue to offer capabilities in alternative investments, listed equity, and
fixed income to institutional and individual clients. The
firm will maintain its global footprint that currently includes operations in
32 countries, with headquarters in New York.
In September, AIG announced an agreement to sell a
portion of its investment advisory and asset management business to Bridge
Partners, L.P. (See AIG Enters into Agreement to Sell Asset Management
The announcement said the new brand name reflects the
company’s heritage and roots on Pine Street in New York’s financial district,
and the new logo represents upward growth, as well as the three asset classes –
equities, fixed income and alternatives – in which the firm invests.
PineBridge Investments will be formally transitioning to
the new name across its global offices and products over the next several
weeks. The process is scheduled to be finalized in conjunction with the
completion of the sale of the business, which is subject to regulatory
approvals and other consents.
“The announcement of our new brand name is an exciting milestone, marking a significant point as we transition to being an independent business,” said Win Neuger, chief executive officer, in the announcement.
« House Committee Approves Fed Employee Same-Sex Partner Benefits