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Citizens CEO Plots a Continued Expansion of Wealth Businesses

June 4, 2024, 4:02 PM UTC
Paige Smith
Paige Smith
Bloomberg News

Citizens Financial Group Inc. Chief Executive Officer Bruce Van Saun is continuing to expand the bank’s wealth-management offerings in an effort to attract new high-net-worth clients.

“We want to have more choice to the customers in terms of wealth options,” Van Saun said in a Bloomberg Television interview Tuesday.

Citizens Financial Group Inc. CEO Bruce Van Saun says that office-related issues shouldn’t be generalized throughout all commercial real estate and discusses raising the bank’s visibility in New York and being prepared in case of potential deals. Source: Bloomberg

Citizens hired Morgan Stanley veteran Paul Casey to lead the firm’s wealth business in April amid its effort to build out that offering alongside its newly launched private bank. The venture was started to draw away customers of firms including failed lender First Republic Bank, which was ...

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