AIG plans to optimise NYC footprint to prepare for post-COVID-19 era

American International Group (AIG) plans to consolidate its New York City footprint by 2021 to position the company for the future, according to its CEO Brian Duperreault and president Peter Zaffino.

The company stated that the move is aimed at "optimising and modernising" its footprint while incorporating key learnings that have emerged while working remotely due to COVID-19.

AIG will relocate its global headquarters in New York City to 1271 Avenue of the Americas, where it will occupy 8 floors and 325,000 square feet. The company will also consolidate its remaining New York City area footprint into approximately 450,000 square feet divided between two new locations at 28 Liberty Street in Manhattan and 30 Hudson Street in Jersey City, New Jersey.

The company plans to move into the three new offices in 2021.

“New York City has played an important part in AIG’s history and we are proud to be headquartered in this unique and resilient city,” said Duperreault, AIG’s chief executive officer. “Our new midtown headquarters building is in close proximity to many of our clients, distribution partners and other stakeholders. We take pride in our role as a responsible corporate citizen and remain committed to doing our part to help strengthen our New York City and Jersey City communities.”

Zaffino, AIG’s president and global chief operating officer, added: “By optimizing and modernizing our New York City area real estate footprint, we will align our workplaces with the objectives of AIG 200, our global, multi-year effort to position AIG for the future. We are designing offices in these three class A buildings that will allow our teams to work more effectively and collaboratively with high-quality infrastructure. Our people are our most important asset, and we remain committed to providing a safe and productive work environment while incorporating key learnings that have emerged while working remotely.”