Latest news with #BruceVanSaun
Boston Globe
2 days ago
- Business
- Boston Globe
Citizens Bank parent recruits former State Street exec to be its next CFO
The back-and-forth is, to some extent, a reflection of the fact that Boston-based State Street and Providence-based Citizens are by far New England's largest remaining publicly traded banks. State Street is the bigger of the two, though it focuses on services for institutional customers, while Citizens is a general-purpose commercial and consumer bank. Advertisement Citizens chief executive Bruce Van Saun said in a statement that Banerjee is a perfect fit for Citizens because of his leadership experience in financial services and his work overseeing 'transformation optimization programs' in the industry. His arrival comes as Citizens embarks on what Van Saun calls its 'Reimagining the Bank' initiative, aimed at using artificial intelligence to redesign key banking services. Advertisement The announcement comes a few weeks after Barclays posted a brief video interview with Banerjee on LinkedIn. 'My passion really came from a quote which says, 'It's not the fastest or the strongest or the most talented team which wins all the time but the team which always wins is the team that believes it can,' ' Banerjee said in that spot. 'So my passion is to ensure that ... we build that winning spirit in a team.' At the time, he was talking about Barclays. But pretty soon, he'll be putting his team-building skills to work at Citizens. This is an installment of our weekly Bold Types column about the movers and shakers on Boston's business scene. Jon Chesto can be reached at
Yahoo
4 days ago
- Business
- Yahoo
Citizens taps Barclays vet as next CFO
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Barclays Bank finance chief Aunoy Banerjee will join Citizens Financial Group as its CFO and executive vice president, effective Oct. 24. Banerjee, who will report to Citizens CEO Bruce Van Saun, will replace Citizens' current CFO John Woods, who will depart Friday for the CFO role at State Street after eight years with Citizens. Chris Emerson, head of corporate planning and enterprise finance at Citizens, will fill the CFO role at the Providence, Rhode Island-based lender in the interim. '[Banerjee's] experience in leading finance functions at multiple large financial institutions and overseeing highly complex transformation and optimization programs positions him well to have immediate impact as we execute our ambitious growth and transformation agenda,' Van Saun said in a prepared statement. Banerjee joined Barclays as CFO in April 2024, according to his LinkedIn profile. He previously spent eight years at State Street, most recently as its chief transformation officer, where he focused on simplifying operations enterprise-wise, along with increasing operating margin and productivity. Prior to that, he spent 11 years at Citi, ultimately as managing director of the markets and securities services business; he began his career at General Electric in its finance management leadership program. 'I could not be more excited to be joining Citizens to help drive sustainable growth and value for all of its stakeholders,' Banerjee said in a prepared statement. 'The Bank has been on an exciting and transformational journey, and I look forward to partnering with Bruce and the leadership team to help take Citizens to the next level.' Piper Sandler analysts R. Scott Siefers and Frank Williams wrote Tuesday that Banerjee 'should be quite capable in this position' given prior experience, which includes leadership roles with 'plenty of large & complex bank finance experience.' 'We view Mr. Banerjee as a good fit and are glad to see this important position filled,' Siefers and Williams wrote. Banerjee oversees a £1.1 trillion balance sheet at Barclays Bank, and he co-leads the firm's investment bank simplification initiative, which was first announced in February 2024. In a Barclays Bank LinkedIn post published three weeks ago, Banerjee said on camera that his passion comes from the quote, 'It's not the fastest or the strongest or the most talented team which wins all the time, but the team which always wins is the team that believes it can.' 'My passion is to ensure that, how do we build that winning spirit in a team and develop the right skillsets and the right processes to have that winning spirit?' he said in the video. A Barclays Bank spokesperson did not respond to an inquiry about its CFO succession. Recommended Reading Truist taps insider as CFO as Bible retires Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Citizens Financial Group to Participate at the Barclays 23rd Annual Global Financial Services Conference
PROVIDENCE, R.I., August 12, 2025--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate at the Barclays 23rd Annual Global Financial Services Conference on Monday, September 8, 2025 at 10:30 am ET. The live webcast will be available at under Events & Presentations. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $218.3 billion in assets as of June 30, 2025. 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 in order 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 3,000 ATMs and approximately 1,000 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 or visit us on X (formerly Twitter), LinkedIn or Facebook. CFG-IR View source version on Contacts Media: Peter Lucht — 781.655.2289Investors: Kristin Silberberg — 203.900.6854
Business Wire
6 days ago
- Business
- Business Wire
Citizens Financial Group to Participate at the Barclays 23 rd Annual Global Financial Services Conference
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate at the Barclays 23 rd Annual Global Financial Services Conference on Monday, September 8, 2025 at 10:30 am ET. The live webcast will be available at under Events & Presentations. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $218.3 billion in assets as of June 30, 2025. 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 in order 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 3,000 ATMs and approximately 1,000 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 or visit us on X (formerly Twitter), LinkedIn or Facebook. CFG-IR
Yahoo
17-07-2025
- Business
- Yahoo
Citizens Financial Group, Inc. Reports Second Quarter 2025 Net Income of $436 million and EPS of $0.92
Sequential NII Growth of 3%, Fee Growth of 10%, Positive Operating Leverage of ~5% PROVIDENCE, R.I., July 17, 2025--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or "Citizens") today reported second quarter financial results. The earnings press release, investor presentation, and financial supplement are available at In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at "We are pleased to report strong results today that came in ahead of expectations, paced by strong NII and fee growth, disciplined expense management, and credit results that are trending favorably," said Chairman and CEO Bruce Van Saun. "We saw some sizable M&A advisory fees push out to July, but offset that with strong performance across other fee categories. Our key strategic initiatives, paced by the Private Bank/Private Wealth build out, continue to make good progress, and we have commenced work on a broad 'Reimagining the Bank' initiative that will become a multi-year TOP program and drive meaningful benefits from using new technologies to serve customers in new ways and run the bank better. We are well-positioned to have a strong second half of the year and to sustain that momentum into the medium-term." Citizens also announced today that its board of directors declared a quarterly common stock dividend of $0.42 per share. The dividend is payable on August 14, 2025 to shareholders of record at the close of business on July 31, 2025. As previously announced, Citizens will host a live conference call to review its second quarter 2025 financial results. Interested parties may access the call and related materials through the following details: Conference Call Time: 10:00 am ET Dial-in: (800) 369-1703, conference ID 3488708 Webcast/Presentation: The live webcast will be available at under Events & Presentations. Replay Information: A replay of the conference call will be available beginning at 12:00 pm ET on July 17, 2025 through August 17, 2025. The webcast replay will be available at under Events & Presentations. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $218.3 billion in assets as of June 30, 2025. 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 in order 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 3,000 ATMs and approximately 1,000 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 or visit us on X, 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," "prospects," "outlook," "guidance" or similar expressions or future or conditional verbs such as "may," "will," "likely," "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, 2024 as filed with the United States Securities and Exchange Commission. CFG-IR View source version on Contacts Media: Peter Lucht — 781.655.2289Investors: Kristin Silberberg — 203.900.6854 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
