American International Group (AIG) has announced the appointment of Keith Walsh as executive vice president and chief financial officer (CFO), starting on October 21, 2024.
Reporting to AIG chair and chief executive Peter Zaffino, Walsh brings over 25 years of experience in finance, most recently serving as CFO at Marsh. Prior to that, he was vice president and head of investor relations for Marsh McLennan from 2012 to 2017.
Earlier in his career, Walsh worked for 14 years as an equity research analyst at Citi, focusing on the insurance industry.
Walsh will be succeeding Sabra Purtill, who has served as AIG’s finance chief since January 2023. Purtill will continue to work with Zaffino on strategic initiatives and will also serve as an advisor to Walsh during the transition period.
In a statement, Zaffino expressed gratitude to Purtill for her contributions, describing her leadership as critical during a pivotal period for AIG. Commenting on Walsh’s appointment, Zaffino said: “Keith is a highly accomplished executive with deep financial expertise and significant experience in the financial services sector, particularly the insurance industry. I am confident that he will be an excellent addition to our executive leadership team and will provide outstanding leadership to our global finance organization.”
Walsh, meanwhile, added: “AIG has executed an exceptional business and financial turnaround, and I am honored to join this iconic company in its next phase of industry leadership and growth.
“I look forward to working closely with Peter Zaffino and AIG’s executive leadership team, as well as leading AIG’s talented global finance organization as we continue to deliver for the company’s stakeholders and enhance shareholder value.”
Walsh’s appointment marks a key leadership change as AIG continues its strategic evolution within the insurance industry.
