Citizens Financial Group, Inc. (NYSE: CFG) has been ranked first among U.S. financial services companies and 18th overall for the strength of its corporate governance by global board advisory firm James Drury Partners.
In its sixth annual report, “The Weight of America’s Boards – Ranking America’s Largest Corporations by the Governance Capacity of Their Boards,” the firm evaluated 651 U.S.-based corporate boards comprising 6,255 directors based on combined business acumen.
“It’s great to see recognition for our corporate governance and the effort we have made to assemble such a strong and experienced board,” said Bruce Van Saun, Chairman and CEO of Citizens Financial Group, Inc. “I’m grateful to our board for their ongoing dedication and strong counsel during our journey towards becoming a top-performing bank.”
“This ranking highlights Citizens’ exceptional governance capacity, which stems from both the business acumen of its board members and the strength of leadership in the boardroom,” said James Drury, chairman and CEO, James Drury Partners. “These attributes are critical if boards are to play their essential role in helping companies advance their strategic agendas while safeguarding shareholder interests.”
The full text of the report is available here.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $155.4 billion in assets as of June 30, 2018. 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 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,150 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
Peter Lucht, 781-655-2289
Ellen A. Taylor, 203-900-6854