providence, R.I., April 12, 2023--(business WIRE)--citizens fiscal community, Inc. (NYSE: CFG) today announced that Richard Stein will expect the position of Chief risk Officer upon the retirement of Malcolm Griggs in the first quarter of 2024. Upon assuming the CRO function, Mr. Stein will document to Bruce Van Saun, Chairman and CEO, and serve on the bank's government Committee.
Stein will join citizens from Fifth Third Bancorp, the place he most these days served as government vice chairman and Chief credit Officer with accountability for enterprise-large credit score possibility administration. In that position he oversaw client credit score, particular belongings, center Market credit, business credit, Capital Markets credit score, and business precise property credit score while managing all regulatory and governance stakeholder relationships. He additionally held increasingly accountable possibility administration roles at Comerica and financial institution of america over the route of his more than 25-12 months career.
A 34-yr banking industry veteran, Griggs has been with residents because 2014, helping e book the financial institution through a period of dramatic transformation and increase in view that becoming an impartial public company. He was appointed Chief risk Officer in 2016, having in the past served as Chief credit score Officer. He joined residents from Citigroup and, over the course of more than 30 years, he has additionally served in senior possibility administration leadership roles at Morgan Stanley, financial institution of the united states, Wachovia Corp., and Fifth Third Bancorp.
"Richard is a enormously skilled risk administration govt whose deep event, power, and sharp strategic insights will enable him to give robust and beneficial management for our risk corporation as we proceed our efforts to become a right performing financial institution," pointed out Bruce Van Saun. "we've designed a thoughtful transition technique which will further strengthen our risk administration capabilities while making certain potent continuity."
brought Van Saun: "Malcolm caps a long and extremely a hit career in banking and possibility administration having made immeasurable contributions to residents in view that becoming a member of us just after our IPO. He has been a big partner and valued advisor whose work to embed chance administration in our way of life has helped to without delay enable the success of our increase method. we would like him the entire optimal in his life's subsequent chapter."
Story continues
About residents fiscal group, Inc.
citizens financial neighborhood, Inc. is among the nation's oldest and greatest economic institutions, with $226.7 billion in property as of December 31, 2022. Headquartered in windfall, Rhode Island, citizens presents a vast latitude of retail and commercial banking items and functions to individuals, small groups, core-market businesses, gigantic firms and institutions. residents helps its shoppers reach their capabilities by way of being attentive to them and by way of figuring out their wants in order to offer tailor-made information, concepts and options. In consumer Banking, citizens gives an built-in experience that includes cellular and online banking, a full-carrier consumer contact core and the comfort of about three,four hundred ATMs and approximately 1,100 branches in 14 states and the District of Columbia. client Banking products and functions encompass a full latitude of banking, lending, mark downs, wealth administration and small company offerings. In business Banking, citizens presents a large complement of fiscal items and solutions, together with lending and leasing, deposit and treasury administration features, foreign trade, interest rate and commodity possibility administration options, in addition to loan syndication, company finance, merger and acquisition, and debt and equity capital markets capabilities. extra counsel is purchasable at www.citizensbank.com or seek advice from us on Twitter, LinkedIn or fb.
View supply edition on businesswire.com: https://www.businesswire.com/information/domestic/20230412005682/en/
Contacts
Media: Peter Lucht - 781.655.2289Investors: Kristin Silberberg - 203.900.6854
0 Comments