Tidjane Thiam bid for AIA, the Asian wing of the crisis-stricken AIG. A public battle ensued, with some investors complaining about the $35.5 billion price Prudential was offering to pay. The bid eventually failed, after the AIG board rejected a revised lower bid. AIA was later floated on the Hong Kong Stock Exchange, and the value of the company quickly rose above Prudential’s original bid price. Thiam came under strong personal criticism following the failure of the bid, partly as a result of the costs incurred by the company in pursuing the bid. However, he was re-elected as CEO at the May
Financial Services Roundtable Financial Services Roundtable The Financial Services Roundtable (FSR) is an American financial services lobbying and advocacy organization, located in Washington, D.C.. In July 2018, FSR merged with the Clearing House Association to create a newly formed organization called the Bank Policy Institute. FSR was formerly called the Bankers Roundtable, but was renamed in 2000 to reflect the widening membership of the organization beyond bank holding companies. FSR "represents 100 of the largest integrated financial services companies which provide banking, insurance and investment products and services to American consumers." The members of FSR are the CEOs of the 100 largest financial