American International Group announced that Keith Walsh will join the company as executive vice president, chief financial officer, effective Oct. 21, 2024.

Walsh will report to AIG Chairman and CEO Peter Zaffino and will become a member of the Executive Leadership Team. He will be responsible for leading AIG’s global Finance organization and will be based in New York.

Walsh joins AIG from Marsh McLennan, where he served as CFO of Marsh. From 2012 to 2017, he was VP and head of Investor Relations for Marsh McLennan Companies. Previously, he spent 14 years as an equity research analyst at Citi where he covered the insurance sector.

“Keith is a highly accomplished executive with deep financial expertise and significant investor experience in the financial services sector, particularly the insurance industry,” said Zaffino. “I am very confident that he will be an excellent addition to our executive leadership team and brings outstanding leadership to our global Finance organization.”

Walsh succeeds Sabra Purtill, who has served as CFO since January 2023. Purtill will continue to report to Zaffino working on strategic projects and will act as an advisor to Walsh to enable a smooth transition.

Purtill joined AIG in 2019 as deputy CFO and treasurer. She subsequently served as AIG’s chief risk officer from 2021 to 2022, helping the company navigate the pandemic, and as chief investment officer of Corebridge Financial during 2022.

“I would like to thank Sabra for her significant value and contributions during an important period as we improved our financial performance and positioned AIG for the future,” said Zaffino. “Sabra took on several complicated roles during important moments of AIG’s transformation. Among her many accomplishments, Sabra helped to focus our company on maximizing shareholder value as a leading global insurer.”