American International Group, Inc. (NYSE:AIG) today announced that it has named Monika M. Machon AIG Treasurer, effective immediately, reporting to David L. Herzog, AIG Chief Financial Officer. Ms. Machon succeeds AIG Executive Vice President Brian T. Schreiber, who has been named AIG Deputy Chief Investment Officer (CIO). In addition, Geoffrey N. Cornell has been named AIG Deputy Chief Investment Officer. Both Brian and Geoff report directly to William N. Dooley, Executive Vice President, Investments.
“Monika Machon is a leader with deep financial and insurance industry experience,” said Robert H. Benmosche, AIG President and Chief Executive Officer. “In her new role, Monika oversees the work of the AIG Treasury team, optimizing AIG’s funding sources and capital structure while also working to reduce our costs of capital and generating greater financial flexibility.”
Mr. Benmosche continued, “Bringing Brian Schreiber back to his roots in AIG Investments is an important step for AIG, as we look to maximize returns and take a consolidated approach to all investments across AIG. This is an area where AIG will distinguish itself. Brian has a proven track record and transformed AIG’s Treasury function since taking over in 2011. In particular, Brian’s leadership and vision were instrumental in the work surrounding the restructuring and recapitalization of the U.S. government’s investment in AIG.”
In his new role, Mr. Schreiber will oversee a portfolio of specialized asset classes, including Private Placements, Structured Products, Direct Investments, Real Estate Investments, Private Equity and Hedge Funds, Commercial Asset Finance, and the remainder of AIG Legacy Assets. Mr. Schreiber joined AIG in 1997 as a Portfolio Manager for AIG Global Investments Group. He was appointed AIG Treasurer in August 2011, rebuilding and transforming AIG's Global Corporate Treasury Operations, while also overseeing AIG's Strategic Planning and Corporate Development activities, and investor relations. Mr. Schreiber graduated cum laude from New York University's College of Business and Public Administration with a B.S. in Finance, and was a recipient of the University's Founders Day Award. He also earned his MBA from Columbia Business School. Mr. Schreiber is a member of the AIG Senior Leadership Team.