Reinsurance News

AIG adds Shane Fitzsimons as Global Head of Shared Services

28th June 2019 - Author: Matt Sheehan

American International Group (AIG) has announced the appointment of Shane Fitzsimons to the newly created role of Global Head of Shared Services, effective July 1.

Fitzsimons joins AIG from Indian multinational conglomerate TATA Group, where he served as Group Synergy Officer.

Prior to this he spent 20 years at GE in operational and financial roles across the U.S, Asia and Europe, including as Global Head of Shared Services, Chief Financial Officer for all international operations and Head of Financial Planning and Analysis.

In his new role, Fitzsimons will be responsible for developing a global strategy within AIG’s Shared Services to create “a cost-effective, scalable infrastructure that leverages technology and innovation,” the insurer said.

He will be based in New York and report to Peter Zaffino, AIG’s Global Chief Operating Officer and Chief Executive Officer, General Insurance.

“Under Shane’s leadership, AIG Shared Services will be modernized to accelerate our progress towards restoring AIG as the leading insurance company in the world,” said Zaffino.

“Shane has extensive operational and financial expertise and a proven track record of aligning Shared Services capabilities within global organizations with long-term operational and financial objectives,” he added.

Fitzsimons also commented: “Joining AIG during this transformative time presents an exciting opportunity. I look forward to working with the Shared Services teams across the company to bring a coordinated approach to the foundational services they provide.

“By creating a global Shared Services organization, we will be better able to deliver tools and resources necessary to position AIG for success.”

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