Thomas P. Fay has joined Citizens as Chief Investment Officer and Director of Wealth Management Services, and Brian O'Connor has joined as Senior Vice President and Head of Relationship Management for Citizens' newly created Premier Banking business. Fay and O'Connor report to Mike Millard, President and CEO of Citizens Wealth Management.
"We are excited to have Tom and Brian join our Wealth Management team," said Ellen Alemany, Chairman and CEO of Citizens Financial Group. "They are industry leaders who together bring nearly a half-century worth of wealth management and private banking experience to our organization and the customers we serve. Their leadership and depth of knowledge will serve our customers and organization well as we continue to expand this important business."
Fay oversees Citizens' Wealth Management business unit including sales, investments and private banking. Based in Providence, he is responsible for managing the unit's investment strategy and products, and will play a key role in growing the business in New England and other key markets, including Philadelphia and Pittsburgh, where Citizens is also adding to its Wealth Management team.
Prior to joining Citizens, Fay was managing director at US Trust/Bank of America Private Wealth Management in Boston, where he oversaw the investment strategy of the New England division, with $43 billion under management. He has 22 years experience in wealth management, including 17 years in various investment management roles at US Trust/Bank of America and its predecessors.
O'Connor oversees Citizens' Premier Banking business, providing specialized products and services, as well as financial strategies, to Premier Banking customers. Premier Banking is focused on the fast growing affluent consumer segment which is particularly strong in Citizens' footprint. O'Connor is responsible for expanding the Premier Banking platform in Citizens' key markets. He is based in Boston, Mass.
O'Connor also joins Citizens from Bank of America, where he most recently served as Northern New England Regional Executive of Premier Banking & Investments. In this role, he managed both the banking and brokerage units, with $14 billion of deposits and investments under management. He has 22 years financial services experience.
Citizens Financial Group, Inc. is a $153 billion commercial bank holding company. It is headquartered in Providence, R.I., and, through its subsidiaries, has 1,480 branches, approximately 3,600 ATMs and approximately 23,000 employees.
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