2023-04-12 16:13:31 ET
- Citizens Financial Group ( NYSE: CFG ) said Wednesday it has appointed Richard Stein as chief risk officer upon the retirement of Malcolm Griggs in Q4 2024.
- Stein, joining the lender from Fifth Third Bancorp ( FITB ), will report to Citizens ( CFG ) Chairman and CEO Bruce Van Saun and serve on the bank's executive committee.
- Stein most recently served as FITB's executive vice president and chief credit officer with responsibility for enterprise-wide credit risk management. He also held risk-management positions at Comerica ( CMA ) and Bank of America ( BAC ) over the course of his more than 25-year career.
- “We have designed a thoughtful transition process that will further strengthen our risk management capabilities while ensuring strong continuity,” said Saun.
- Last month, (March 30) Citizens Financial conducted due diligence on annuity product that's now frozen .
For further details see:
Citizens Financial names Fifth Third exec Richard Stein chief risk officer