Morgan Stanley (MS) has been guaranteed the role as coordinator and advisor in any initial public offering of American International Group (AIG) or the sale of one of its units, according the The Federal Reserve Bank of New York.

The role could be lucrative for Morgan Stanley, which will earn percentage fees if AIG sells any of its businesses, as well as an initial $4 million payment and $2.5 million a quarter.

It can also rake in about $72 million on the public listing, of American International Assurance, which will be listen in Hong Kong next year, Bloomberg reported.

Last week, AIG announced it was quickening the pace of its spin-off of American Life Insurance Company, or Alico, through an IPO.

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