Citizens Accelerates Wealth Management Business with Strategic Leadership Hires and Opening of New Citizens Private Banking Office
08 2월 2024 - 11:00PM
Business Wire
Citizens welcomes industry veterans as new Head
of Wealth Management Advisors and Head of Private Wealth Managers;
Citizens Private Bank now open in Boston’s Back Bay
Citizens Financial Group, Inc. (NYSE: CFG) today unveiled a
number of changes aimed at accelerating the growth of its Wealth
Management and Private Banking business to serve the entire
spectrum of wealth clients, from mass affluent to ultra-high net
worth and family offices. The new strategy, highlighted by the
hiring of two new executives in critical roles, will better
position Citizens to achieve its ambitious goal of building a
preeminent Private Banking and Wealth Management offering in the
U.S. Further, Citizens has opened its first Private Banking office
in Boston and has plans to open additional offices in 2024,
including one in Palm Beach, Fla. and Mill Valley, Calif. in the
spring.
On the heels of launching its new Private Bank and hiring about
200 bankers in 2023, Citizens bolstered its wealth leadership team
with the addition of Michael Cherny as Head of Citizens Wealth
Management Advisors and Tom Metzger as Head of Citizens Private
Wealth Managers.
“With the bank failures of 2023, it is clear that significant
white space exists in the market for a new entrant to fill by
delivering best-in-market customer service for Private Banking and
Wealth Management clients,” said Brendan Coughlin, Vice Chair and
Head of Consumer Banking at Citizens. “Hiring these two high
quality executives demonstrates the strength of Private Banking and
Wealth Management talent that we have been able to attract to
Citizens. The launch of our new branding and addition of our new
Private Banking offices will help them deliver the extraordinary
service their clients have come to expect.”
Cherny will be responsible for retaining and growing mass
affluent and affluent client relationships across the U.S. A
seasoned financial services leader with a proven track record of
scaling wealth management organizations, Cherny previously served
as a Managing Director in Wealth at JPMorgan Chase. There, he led
one of the bank’s largest regions consisting of $60 billion in
investment and deposit balances.
Metzger will recruit and lead a new team of Private Wealth
managers targeting new-to-bank clients in key geographies across
the U.S. A 17-year industry veteran with deep experience leading
national recruiting efforts, Metzger had a long career at Wells
Fargo and a recent stop at First Republic Bank where he served as
Head of Wealth Manager Recruiting.
These new hires are another key milestone for Citizens following
the national launch of Citizens Private Bank in the fall of 2023,
which raised over $1.2 billion in deposits by the end of 2023, a
testament to differentiated market positioning and client trust.
Citizens continues to invest strategically in its Private Bank. All
of Citizens new Private Banking offices will offer freshly-baked
cookies and signature branded umbrellas to clients at its local
offices as symbols of extraordinary service. Citizens Private
Bankers are committed to being a single point of contact for
clients looking to preserve and grow their wealth. Learn more at
www.citizensbank.com/private-banking/overview.
About Citizens Financial Group,
Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and
largest financial institutions, with $222.0 billion in assets as of
December 31, 2023. Headquartered in Providence, Rhode Island,
Citizens offers a broad range of retail and commercial banking
products and services to individuals, small businesses,
middle-market companies, large corporations and institutions.
Citizens helps its customers reach their potential by listening to
them and by understanding their needs to offer tailored advice,
ideas and solutions. In Consumer Banking, Citizens provides an
integrated experience that includes mobile and online banking, a
full-service customer contact center and the convenience of
approximately 3,200 ATMs and approximately 1,100 branches in 14
states and the District of Columbia. Consumer Banking products and
services include a full range of banking, lending, savings, wealth
management and small business offerings. In Commercial Banking,
Citizens offers a broad complement of financial products and
solutions, including lending and leasing, deposit and treasury
management services, foreign exchange, interest rate and commodity
risk management solutions, as well as loan syndication, corporate
finance, merger and acquisition, and debt and equity capital
markets capabilities. More information is available at
www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn
or Facebook.
Cautionary Statement About
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Any statement that does not describe historical or current facts is
a forward-looking statement. These statements often include the
words “believes,” “expects,” “anticipates,” “estimates,” “intends,”
“plans,” “goals,” “targets,” “initiatives,” “potentially,”
“probably,” “projects,” “outlook,” “hopeful,” “guidance” or similar
expressions or future or conditional verbs such as “may,” “will,”
“should,” “would,” and “could.” Forward-looking statements are
based upon the current beliefs and expectations of management, and
on information currently available to management. Our statements
speak as of the date hereof, and we do not assume any obligation to
update these statements or to update the reasons why actual results
could differ from those contained in such statements in light of
new information or future events. We caution you, therefore,
against relying on any of these forward-looking statements. They
are neither statements of historical fact nor guarantees or
assurances of future performance. More information about factors
that could cause actual results to differ materially from those
described in the forward-looking statements can be found under
“Risk Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2022, as filed with the United States Securities and
Exchange Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240208310791/en/
Michelle King Savio 781-375-0035
michelle.l.kingsavio@citizensbank.com
Citizens Financial (NYSE:CFG)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Citizens Financial (NYSE:CFG)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024