Citizens Financial Group Names Paul Casey to Lead Wealth Business

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG) today announced that Paul Casey will join the bank as Head of Wealth Management, effective July 9. In this role, he will focus on accelerating Citizens’ strong and growing momentum in wealth, an increasingly critical component of the bank’s strategy following the launch of Citizens Private Bank in the fall of 2023.

He will lead the bank’s Citizens Wealth Management and Citizens Private Wealth Management organizations, serving the needs of mass affluent, affluent, high-net-worth, and ultra-high-net-worth clients. Based in New York City, Casey will report to Brendan Coughlin, Vice Chair and Head of Consumer Banking.

“Paul is an experienced and well-rounded Wealth Management executive with a proven track record of success and has a long runway here at Citizens,” said Coughlin. “His experience in building a world-class Private Wealth business at one of the top firms in the U.S. will be invaluable as we aspire to build a preeminent Private Wealth offering.”

Casey brings more than two decades of experience from Morgan Stanley, where he held increasingly responsible leadership positions. Most recently, he served as Managing Director for the flagship New York City Private Wealth Management office, overseeing more than $90 billion in client assets. During his 20-year tenure, he held a broad range of critical wealth roles, developing a depth and breadth of experience.

Coughlin added, “We’ve been on a journey to build a world-class Wealth Management business for several years and have generated solid momentum. The launch of our new Private Bank supercharged Citizens’ ability to scale our Wealth business, elevating our brand image and attracting some of the industry’s top talent to our platform. I am confident Paul will help us realize the full potential we have in front of us.”

Citizens has made significant investments to accelerate its Wealth business, including the launch of Citizens Private Bank with the hiring of about 200 bankers in 2023, and bolstering its wealth leadership team with the recent additions of Michael Cherny as Head of Citizens Wealth Management Advisors and Tom Metzger as Head of Citizens Private Wealth Managers, and over a dozen new financial advisors since last fall. The hiring of these high-quality executives demonstrates the strength of Citizens’ growing wealth management platform.

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 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 3,200 ATMs and more than 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240415903358/en/

Michelle King Savio

Head of Consumer Banking Communications

781-375-0035

michelle.kingsavio@citizensbank.com

Source: Citizens Financial Group, Inc.