AIG has announced the establishment of its EMEA Treasury Operations Centre in Dublin. The Operations Centre will form part of the already established Dublin Investment Centre that provides Investment Administration services to AIG globally.

Phase one of the establishment of the new Treasury Operations Centre is already in progress with a number of services being provided from Dublin in the last month.

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Twenty treasury management positions in total will be filled in support of the new Dublin Treasury Operations Centre.

This project has been supported by the Department of Jobs through IDA Ireland.

The establishment of the new Treasury Operations Centre is part of AIG’s Treasury Transformation Initiative, which aims to establish an integrated, cohesive global treasury organization that safeguards AIG’s liquidity, transaction execution and banking relationships in a cost effective environment.

Andrew Moore, Managing Director, AIG Asset Management (Europe) Limited, Irish Branch, said:

“I am pleased to announce the official opening of the EMEA Treasury Operations centre in Dublin, which further reinforces AIG’s commitment to the Irish market.  I am looking forward to building on our already dynamic operating model that has been long established in Ireland where I see tremendous synergies with the addition of the Treasury group.”

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, said: “International financial services is a sector which we have identified as part of our Action Plan for Jobs, and we have put in place a number of measures to support growth in this area. Today’s announcement that AIG is expanding its operations in Dublin with the creation of 20 jobs is a very welcome boost, and I look forward to continuing to work with AIG as they develop their operations here.”