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Press Release 25 Sep 2014

20 New Treasury Management Jobs Created

AIG today announced the establishment of its EMEA Treasury Operations Centre in Dublin. The Operations Centre will form part of the already established Dublin Investment Centre that provides Investment Administration services to AIG globally.

Phase one of the establishment of the new Treasury Operations Centre is already in progress with a number of services being provided from Dublin in the last month.

Twenty treasury management positions in total will be filled in support of the new Dublin Treasury Operations Centre.

This project has been supported by the Department of Jobs through IDA Ireland.

The establishment of the new Treasury Operations Centre is part of AIG’s Treasury Transformation Initiative, which aims to establish an integrated, cohesive global treasury organization that safeguards AIG’s liquidity, transaction execution and banking relationships in a cost effective environment.

The Minister for Finance, Michael Noonan, TD said:

“I was delighted to meet with Peter Hancock, CEO of AIG today, who briefed me on the establishment of the company’s Treasury Operations Centre in Dublin and the creation of 20 new jobs. The area of International financial services is a sector that has been prioritised by this government. We are currently preparing a new national strategy for Ireland’s international financial services sector under the guidance of Minister of State Simon Harris. This strategy will be designed to encourage global leaders such as AIG, to create jobs in the sector”.

Andrew Moore, Managing Director, AIG Asset Management (Europe) Limited, Irish Branch, said:

“I am pleased to announce the official opening of the EMEA Treasury Operations centre in Dublin, which further reinforces AIG’s commitment to the Irish market.  I am looking forward to building on our already dynamic operating model that has been long established in Ireland where I see tremendous synergies with the addition of the Treasury group.”

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, said: “International financial services is a sector which we have identified as part of our Action Plan for Jobs, and we have put in place a number of measures to support growth in this area. Today’s announcement that AIG is expanding its operations in Dublin with the creation of 20 jobs is a very welcome boost, and I look forward to continuing to work with AIG as they develop their operations here.”

The Chief Executive of IDA Ireland, Martin Shanahan, said:

``AIG is a true global leader with a long standing presence in Ireland. The company has put important business lines and functions in Ireland backing this country with a strong vote of confidence. The decision to locate its important Treasury Management operations in Dublin strengthens this relationship further and I have no doubt AIG’s latest investment will bolster its global network.”

The EMEA Treasury Operations Centre in Dublin is one of a select number of Treasury Operations Centres that AIG is creating across the globe. Others are located in Houston (Texas – US), Bogota (Colombia) and Bengaluru (India).

“I am pleased to announce the official opening of the EMEA Treasury Operations centre in Dublin, which further reinforces AIG’s commitment to the Irish market.  I am looking forward to building on our already dynamic operating model that has been long established in Ireland where I see tremendous synergies with the addition of the Treasury group.”

Andrew Moore, Managing Director, AIG Asset Management (Europe) Limited, Irish Branch

For more information, contact:  Michael O’Keeffe, Pembroke Communications:  01 649 6486 / 087 8854072 / michael.okeeffe@pembrokecomms.ie

About AIG    
American International Group, Inc. (AIG) is a leading international insurance organisation serving customers in more than 130 countries and jurisdictions.  AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig |Twitter: @AIG_UK | LinkedIn: http://www.linkedin.com/company/aig |

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc.  For additional information, please visit our website at www.aig.com.  Products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Not all products and services are available in every jurisdiction, and insurance coverage is governed by the actual terms & conditions of insurance set out in the policy or in the insurance contract.  Certain products and services may be provided by independent third parties.  Insurance products may be distributed through affiliated or unaffiliated entities.  In Europe, the principal insurance provider is AIG Europe Limited.

AIG is a major insurer in Ireland and has operated here for almost 40 years.

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