Switzerland’s AIG Private Bank Selects Charles River Development to Automate Compliance of Asset Management Operations

Boston, London, Melbourne, Paris and Singapore - 6 August 2007

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that Zurich-based AIG Private Bank has selected the Charles River Investment Management System (Charles River IMS) to automate compliance monitoring across its mutual fund management arm, AIG Fund Management (Switzerland), Ltd.

This selection extends AIG’s existing global agreement with Charles River to five countries, including: US, Canada, Japan, Singapore and Switzerland. Charles River IMS will provide AIG Private Bank Group with end-of day compliance monitoring for all asset classes. AIG Private Bank users will benefit from the system’s easy-to-use “natural language” rule-building and maintenance tools that ensure compliance with Swiss and other regulations as well as client mandates.

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