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New York, September 28, 2001 – AIG Trading Group Inc (AIG Trading), an American International Group, Inc. (AIG) member company, has announced that it has named John Wareham as Executive Vice President responsible for Global Foreign Exchange and Emerging Markets. Mr. Wareham will be based in London and report to John J. Finigan, President and CEO of AIG Trading.

Mr. Wareham joins AIG Trading from Atriax Inc. where he was Chief Operating Officer. Prior to joining Atriax, Mr. Wareham was a Managing Director at Merrill Lynch and Head of International Foreign Exchange. Earlier in his career Mr. Wareham had foreign exchange trading responsibilities at both Goldman Sachs and Morgan Stanley.

Mr. Wareham earned a BSc in Economics from the London School of Economics and an MPhil in International Relations from Oxford University.

Commenting on Mr. Wareham’s appointment, William N. Dooley, AIG Senior Vice President, Financial Services said, "We are very pleased to have John Wareham join AIG Trading. His breadth of experience in the foreign exchange markets will be a strong addition to AIG Trading management team and will enhance our initiatives to provide superior service to AIG’s global client franchise.”

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AIG is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial, personal and life insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG’s global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.’s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

AIG Trading, through its subsidiaries, engages in trading and market making in foreign exchange, emerging market debt, precious and base metals, energy products and commodity indices. AIG Trading provides highly personalized customer service and creates innovative risk management products for multinational corporations, financial institutions, commercial producers and users, institutional investors and sovereign entities. AIG Trading’s breadth of services include currency and commodities prime brokerage, client-tailored back-office support, and access to e-commerce trading portals and insightful political-economic research from leading figures in the financial services industry. AIG Trading operates through a worldwide network of offices including its Greenwich, Connecticut headquarters, London, Paris, Singapore, and Toronto. For further information regarding AIG Trading, contact Beth Cutler at 203-861-3804 or bcutler@aigi.com.