Citizens names commercial-banking head as McCree retires

Core Insights - Citizens Financial Group appointed Ted Swimmer as the head of commercial banking, effective immediately, succeeding Don McCree who served for 10 years [1][2] - Swimmer has been with Citizens since 2010 and was previously the head of capital markets and advisory [2] - McCree will continue to chair the bank's commercial-banking arm until his retirement in March 2026 [1] Leadership Transition - Ted Swimmer has built a strong Capital Markets and Advisory business at Citizens, providing clients with excellent ideas and solutions [2][3] - Citizens CEO Bruce Van Saun expressed confidence in Swimmer's leadership capabilities and looks forward to further growth in the Commercial Bank [3] McCree's Contributions - Don McCree is credited with building a well-positioned commercial bank that competes effectively with larger institutions while offering personalized services [4] - Under McCree's leadership, the bank has the largest M&A pipeline it has ever had, with several transactions expected to close in the second and third quarters [4] - The bank's focus on smaller, middle-market transactions has provided it with a level of immunity to larger market challenges [5]