Team Lead – IACT Award 2025 Finalist
Catherine has been with AIG for just over 12 years, working with Investments initially before moving to Treasury, managing both the EMEA and NAMER cash management desks before moving into a Strategy role in 2021. Catherine has been heavily involved in Treasury Transformation in AIG over the past number of years.
AIG Project Name: “Leveraging Technology to Drive Transformational Change”
After the separation of AIG’s Life & Retirement business through the initial public offering of Corebridge Financial, Inc in 2022, we saw an opportunity to replace end-of-life treasury technology. The legacy environment consisted of in-house and highly customized data sources, siloed applications, and complex upstream and downstream system integrations. The infrastructure was complex, and we did not have a central place to process or leverage data. It was an 18-month process, with the build phase starting in January 2023. Our goal was to transform our program and streamline our end-to-end operating processes, while also taking into consideration new, faster ways of working by leveraging technology. Having a great team of colleagues with technical expertise and experience was instrumental to our success. Early in the project, we assembled a Steering Committee to ensure we had regular engagement at all levels of management, including our Treasurer, CIO, Operational leaders, Senior Executives. With the rollout of this project, we were able to retire ten in-house applications. This revamped our treasury process, moving toward a best-in-class solution that offered a more standardized and streamlined approach. We were able to achieve significant capacity gains from the automation and centralization of all data and processing into one application. Our team has moved away from highly manual tasks and is instead spending more time analyzing data and making informed decisions. This project also gave us uniform processes, allowing us to take fuller advantage of our position as a global company.