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Greenberg looks to the Far East

NEW YORK (Reuters) ? Former American International Group Inc. chief executive Maurice ?Hank? Greenberg said yesterday that he is looking at possible financial and non-financial investments in Asia.

Greenberg, speaking in an interview with Reuters, added that he recently returned from a trip across Asia and is excited about the investment possibilities in China, South Korea and Japan.

In a September interview with Reuters, the head of C.V. Starr & Co. and Starr International Co., said he plans to make investments that could be in the billions of dollars in areas such as China.

AIG was the first U.S. insurer to enter the Chinese market in the 1970?s after then President Richard M. Nixon made his historic visit.

The former AIG chairman was forced to resign from the top spot at AIG amid an accounting scandal at the world?s largest insurer by market value. New York State Attorney General Eliot Spitzer later accused him of fraud.

Greenberg still controls the two Starr entities, which in turn control billions of dollars of AIG stock.

C.V. Starr, named for AIG founder Cornelius Vander Starr, is an insurance broker and underwriter that does much of its business with AIG.

It and Starr International Co. also act as long-term compensation plans for AIG executives and hold several billion dollars of AIG shares.

Starr International is a private holding company which owns about 12 percent of AIG?s stock as its only asset.