Citizens Financial Group, Inc. (NYSE: CFG) today announced that Ted Swimmer, head of corporate finance and capital markets for Citizens Commercial Banking, has been named to the company’s Executive Committee, effective immediately.
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Ted Swimmer (Photo: Business Wire)
Swimmer leads teams responsible for helping clients and sponsors raise capital and syndicate loans. His teams also provide interest rate, foreign exchange, leasing, ABL and structured finance solutions for clients.
“Ted has built a strong corporate finance and capital markets business, with emphasis on providing clients with excellent ideas, advice and solutions,” said Bruce Van Saun, Chairman and CEO, Citizens Financial Group. “He is a strong and highly capable leader and we welcome his contribution to our Executive Committee.”
A 25-year banking industry veteran, Swimmer joined Citizens in 2010 as executive vice president and head of capital markets and has since assumed responsibility for Citizens’ Sponsor and Corporate Finance Groups. He has built the Capital Markets team into a consistent Top 10 U.S. Middle Market Deal Bookrunner while expanding the bank’s capabilities beyond traditional loan financing in order to offer a consolidated set of solutions across the client lifecycle.
Swimmer previously held a range of senior positions with Wachovia, including managing its Leveraged Finance activities. Prior to that, he ran Loan Syndicate and Sales for Wachovia and served as a managing director originating leveraged loans and bonds. Swimmer holds an M.B.A. in finance from Columbia University as well as a B.A. in economics and history from Lafayette College.
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