AIG GLOBAL ASSET MANAGEMENT HOLDINGS CORP SWIFT CODE

AGIGUS33MKT – AIG GLOBAL ASSET MANAGEMENT HOLDINGS CORP

SWIFT CODE	AGIGUS33MKT
BANK	AIG GLOBAL ASSET MANAGEMENT HOLDINGS CORP.
ADDRESS
CITY	WILTON
BRANCH	MARKETS INC
POSTCODE
COUNTRY	United States

Detailed information about SWIFT Code AGIGUS33MKT

SWIFT Code AGIGUS33MKT Breakdown

SWIFT CODE
AGIGUS33MKT
BANK CODE
AGIG – code assigned to AIG GLOBAL ASSET MANAGEMENT HOLDINGS CORP.
COUNTRY CODE
US – code belongs to United States
LOCATION CODE
33 – code represents the institution location
CODE STATUS
3 – 3 means active code
BRANCH CODE
MKT – code indicates this is a branch office
HEAD OFFICE
AGIGUS33 – primary office of AIG GLOBAL ASSET MANAGEMENT HOLDINGS CORP., United States

AIG Global Asset Management Holdings Corp

AIG Global Asset Management Holdings Corp. is a key subsidiary of American International Group (AIG). It provides a range of asset management, investment advisory, and other financial services to institutional and retail clients globally.

Overview of AIG Global Asset Management Holdings Corp

History and Background

AIG Global Asset Management Holdings Corp has a long and rich history tracing back over 50 years. It was originally founded in 1962 as SunAmerica Asset Management Corp. Over the decades, it expanded its operations through various mergers, acquisitions and reorganizations.

In 1998, SunAmerica merged with AIG, at which point the asset management business was housed under AIG SunAmerica. Then in 2009, after AIG’s government bailout during the financial crisis, the company was reorganized and the asset management unit was rebranded to AIG Global Asset Management Holdings Corp.

Today, the company remains a core subsidiary of AIG and manages over $300 billion in assets across a wide spectrum of asset classes for a global client base.

Main Business Areas and Services

AIG Global Asset Management Holdings Corp provides specialized investment solutions and advisory services across equities, fixed income, real estate and alternative investments.

Some of the key business areas and services include:

Institutional Asset Management: Caters to pension funds, insurers, official institutions etc. Provides customized mandates across equities, bonds, real assets, private credit etc.
Retail Mutual Funds: Offers a wide gamut of mutual funds across geographies to retail and high networth clients.
Alternative Investments: Manages private equity, hedge fund and real estate investments.
ESG Investing: Sustainable investment strategies integrating environmental, social & governance factors.
Multi-Asset Solutions: Outsources chief investment officer (OCIO) capabilities and tailored portfolio solutions.
Wealth Management: Advisory and portfolio management services for ultra high networth clients.

In addition to the above, the company provides other ancillary services like retirement plan servicing, broker-dealer networks and trust services in select markets.

SWIFT Code AGIGUS33MKT Details

What is a SWIFT code

SWIFT stands for Society for Worldwide Interbank Financial Telecommunications. SWIFT codes are standard format codes that identify specific banks and branches in a transaction.

These codes are used to communicate various financial messages securely between banks and financial entities globally to facilitate cross-border payments & settlements.

SWIFT Code Breakdown

SWIFT codes have 8-11 alphanumeric characters broken into 4 parts:

AGIG – Institution Code

Identifies the bank name

US – Country Code

Identifies the country location of the bank

33 – Location Code

Represents the city/location of the branch

MKT – Branch Code

Identifies the specific branch

So in summary, a SWIFT code gives detailed branch-specific information that supports transactions like cross-border wire transfers, letters of credit, securities settlements etc.

Location and Address Details of AGIGUS33MKT

The AGIGUS33MKT SWIFT code indicates that the AIG Global Asset Management Holdings Corp. branch is located at:

City: Wilton

Country: United States

Additional Information Provided in SWIFT Code

Bank and Branch Details

The full bank name associated with AGIGUS33MKT is “AIG Global Asset Management Holdings Corp.”

The specific branch associated with the code is “Markets Inc.”

Money Transfer Options and Fees

To send a cross-border wire transfer to AGIGUS33MKT, it’s recommended to use Wise. Wise offers competitive foreign exchange rates along with low transparent transfer fees starting around 0.5% of the transfer amount. This is much lesser than banks which generally charge 3-5% in hidden foreign transfer fees.

Conclusion

In summary, AGIGUS33MKT is the SWIFT code used to identify the specific AIG Global Asset Management Holdings Corp. branch “Markets Inc.” located in Wilton, United States. This standard format code provides key information to facilitate secure global financial message transmissions related to cross-border transactions involving the bank branch. Providing the recipient’s SWIFT code helps route wires efficiently and avoid costly routing fees. For transfers, Wise is preferred due to its large currency savings versus high bank fees.

Frequently Asked Questions

What type of financial entity is associated with AGIGUS33MKT code?

The AGIGUS33MKT code is associated with a specific branch “Markets Inc.” of AIG Global Asset Management Holdings Corp, which is an asset management and investment advisory subsidiary of AIG.

Where exactly is the AGIGUS33MKT location situated?

AGIGUS33MKT represents the “Markets Inc.” branch of AIG Global Asset Management Holdings Corp. situated in the city of Wilton, United States.

Can AGIGUS33MKT code be used for cross-border transaction settlements?

Yes, AGIGUS33MKT is a valid international transaction settlement code registered under SWIFT’s global banking communication system. It can facilitate settlements of wire transfers, letters of credit and other cross-border transactions.

Does Wise charge any fee for sending wires via AGIGUS33MKT?

Yes, Wise will charge a transfer fee that is very competitive and fully transparent. It is generally priced around 0.5% of the transfer amount, far lower than typical bank charges of 3-5% on foreign wire transfers.

How does providing recipient’s SWIFT code assist in wire transfer process?

Including the recipients’ correct unique SWIFT code helps minimize manual processing and routing errors. It enables automated routing of messages, quickens transaction speeds, and avoids misdirected transfers adding to extra fees.