PROVIDENCE, R.I.--(BUSINESS WIRE)--
Citizens Financial Group, Inc. (Citizens) today announced the
appointment of Nancy Shanik as Chief Risk Officer.
Nancy Shanik is Citizen Financial Group's new Chief Risk Officer. (Photo: Business Wire)
Based in Providence, Shanik oversees the risk management organization
within Citizens including strategy and day-to-day operations. She is a
member of Citizens’ Executive Committee, the RBS Americas Risk Committee
and the RBS Group Risk Board.
“Nancy’s broad-based experience in financial services and her leadership
will enhance Citizens’ risk-management capabilities,” said Ellen
Alemany, chairman and CEO of Citizens and RBS Americas. “Nancy’s
experience in small middle market and real estate will help us expand
commercial banking in our footprint.”
Shanik joins Citizens from Alvarez & Marsal in New York where she was a
managing director. Before joining Alvarez and Marsal, Shanik spent three
decades at Citigroup in roles of increasing responsibility.
She began her career as a corporate finance professional and has a
broad-based product and restructuring background. She has more than 25
years of corporate debt restructuring experience, including the position
of senior business manager for Citigroup’s top tier global workout and
restructuring business from 1996 to 2004.
From 2004 to 2008, Shanik served as chief credit officer for Citigroup’s
Global Commercial Markets business. In this role, she created and
managed a global risk organization supporting Citigroup’s small-middle
market lending business, including equipment finance/leasing and
commercial real estate.
Shanik has a bachelor’s degree from the University of Vermont and a
master’s degree in business administration from Tulane University’s
Graduate School of Business. She also is a graduate of Stanford
Executive Program at the Stanford Graduate School of Business.
She serves as member of the board of directors of The Kleinfelder Group,
Inc. and Kakona Insurance Companies. She is member of the senior women
leaders advisory board of VisionSpring, a social enterprise that
empowers women to launch their own businesses by selling affordable
eyeglasses throughout developing countries.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is a $136 billion commercial bank holding
company. It is headquartered in Providence, R.I., and, through its
subsidiaries, has more than 1,500 branches, approximately 3,800 ATMs and
approximately 22,600 employees. Its two bank subsidiaries are RBS
Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a
12-state branch network under the Citizens Bank brand in Connecticut,
Delaware, Massachusetts, New Hampshire, New Jersey, New York,
Pennsylvania, Rhode Island and Vermont, and the Charter One brand in
Illinois, Michigan and Ohio. CFG has non-branch retail and commercial
offices in about 40 states. CFG is owned by RBS (The Royal Bank of
Scotland Group plc). CFG’s website is citizensbank.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6513906&lang=en
Citizens Financial Group
Mike Jones, 617-994-7586
Source: Citizens Financial Group, Inc.
