Insurance giant American International Group (AIG) has appointed Sabra Purtill to a newly created, all-encompassing role as deputy CFO and head of IR, treasury, rating agency relations and corporate development, effective August 28.
Based in New York, Purtill will report to Mark Lyons, AIG’s executive vice president and CFO. She will oversee AIG’s engagement with key financial stakeholders, including the investor community, as well as oversee the company’s treasury and credit banking functions and co-ordinate with the businesses regarding corporate development.
‘Sabra is a recognized leader who brings to AIG extensive experience within the insurance industry and strong finance, treasury and communications expertise,’ says Lyons in a statement. ‘Aligning our investor and ratings agency relations, treasury and corporate development functions will enhance our ability to serve AIG’s businesses as we continue to deliver on our strategic, financial and operational objectives.’
‘I am honored to join AIG at this important time,’ adds Purtill. ‘I look forward to working with Mark and colleagues across AIG, contributing to both executing the company’s growth initiatives and to helping investors understand and evaluate AIG’s progress toward our strategic and financial goals.’
Purtill’s more than 30-year career is mainly within the insurance industry, but she also spent time in sell-side research at ABN AMRO, Keefe Bruyette & Woods and Advest Group. She began her career in corporate finance at Chase Manhattan Bank, progressing to insurance ratings at Standard & Poor’s and to M&A at Merrill Lynch.
She holds an MA from Georgetown University and a BA with high honors from the University of Virginia, and is a member of the board of trustees of Middlesex Health Systems, where she serves on the audit and investment committees.