Citizens Financial Group, Inc. (NYSE: CFG) has announced the appointment of Ted Swimmer as the Head of Commercial Banking, effective immediately. Swimmer succeeds Don McCree, who will remain at Citizens as Chair of Commercial Banking until his retirement at the end of March 2026.
Under Don McCree's leadership, the Commercial Bank has achieved significant milestones, building a strong position in the market. Ted Swimmer, who has been with Citizens since 2010, has been instrumental in the success of the Capital Markets and Advisory team, consistently ranking as a Top 5 U.S. Middle Market Deal Bookrunner.
Citizens Financial Group, Inc. reported assets of $218.3 billion as of June 30, 2025, showcasing its standing as one of the nation's oldest and largest financial institutions. The bank caters to a broad clientele, offering a range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions.
Swimmer's expertise and leadership will be crucial as Citizens continues to grow its Commercial Bank and aims to elevate its position even further in the market. His experience in expanding the bank's capabilities beyond traditional loan financing to include sector expertise and a comprehensive set of solutions, including debt, equity, and M&A advisory, will likely drive further growth in the Commercial Banking segment.
The appointment of Ted Swimmer marks a significant transition for Citizens Financial Group, Inc., and his strategic vision and experience are expected to contribute to the bank's continued success in the commercial banking sector.
As Swimmer takes the reins, all eyes will be on the bank's future performance and growth trajectory under his leadership. As a result of these announcements, the company's shares have moved 0.33% on the market, and are now trading at a price of $54.00. For the full picture, make sure to review CITIZENS FINANCIAL GROUP INC/RI's 8-K report.
