Deutsche and Morgan Stanley mandated for AIA IPO

Sources say Deutsche Bank and Morgan Stanley have been appointed global coordinators for the listing. Other banks are expected to join them as bookrunners later.

US-based insurance company American International Group Inc AIG has appointed Deutsche Bank and Morgan Stanley as global coordinators for the forthcoming initial public offering of its Asian life insurance unit, American International Assurance Company AIA, according to sources familiar with the selection process. The pair is expected to be joined by one or two more international banks and perhaps one China-based investment bank as bookrunners, but these will be announced later, the sources said.

The job of bringing...

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