American International Group, Inc. (NYSE: AIG) recently announced the appointment of Adam Burk as Global Treasurer and Head of Corporate Development, effective immediately. He will continue to report to Sabra Purtill, Executive Vice President and Chief Financial Officer, with responsibility for AIG’s global treasury activities, including capital management, banking and rating agency relations, global capital markets, liquidity management, and cash management, in addition to his current role leading the Corporate Development and Strategy team.
“Adam is an accomplished financial executive who has contributed to many important initiatives that helped to strengthen AIG’s balance sheet and enhance our financial flexibility as we repositioned AIG as a leading global property and casualty insurer,” said Ms. Purtill, Executive Vice President, Chief Financial Officer, AIG. “I look forward to working closely with Adam in this expanded leadership role.”
“I am pleased to take on these important responsibilities working very closely with our teams across AIG to deliver on our capital management goals and support the company’s strategic initiatives to deliver value for our stakeholders,” said Mr. Burk.
Since June 2021, Mr. Burk has served as the Head of Corporate Development, Strategy and Mergers & Acquisitions for AIG. During his tenure, he has held several leadership positions at the company, including Chief Financial Officer of Global Operations and senior roles in capital strategy and planning. Mr. Burk joined AIG in 2013, from investment banking, where he focused on financial institutions specializing in insurance at Citigroup, Nomura, and Morgan Stanley. Previously, Adam practiced corporate law at Latham & Watkins, in mergers & acquisitions and corporate finance. Mr. Burk serves on the board of directors of Corebridge Financial, Private Client Select and K2 Integrity.
Mr. Burk received his Juris Doctorate from University of Pennsylvania Carey Law School, and a Bachelor of Business Administration in Finance from the University of Michigan – Stephen M. Ross School of Business.
The article originally appeared on World Business Outlook.