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New Head of Commercial Banking at Citizens Financial Group, Inc.

Citizens Financial Group, Inc. announced the appointment of Ted Swimmer as the new Head of Commercial Banking, effective immediately. Swimmer, who previously served as the head of capital markets and advisory for Citizens Commercial Banking, succeeds Don McCree, who will continue as Chair of Commercial Banking until retiring in March 2026.

During Swimmer's tenure, he has transformed the Capital Markets and Advisory team into a consistent Top 5 U.S. Middle Market Deal Bookrunner. Under his leadership, the team expanded the bank’s capabilities beyond traditional loan financing to offer a comprehensive set of solutions, including debt, equity, and M&A advisory across the client lifecycle.

Citizens Financial Group, Inc. reported total assets of $218.3 billion as of June 30, 2025. The company offers a broad range of retail and commercial banking products and services, including mobile and online banking, a full-service customer contact center, and approximately 3,000 ATMs and approximately 1,000 branches in 14 states and the District of Columbia.

Swimmer, a 30-year banking industry veteran, holds an M.B.A. in finance from Columbia University and a B.A. in economics and history from Lafayette College. Prior to joining Citizens in 2010, he held senior positions with Wachovia, managing Leveraged Finance activities and running Loan Syndicate and Sales.

As Citizens Financial Group looks to the future, the appointment of Ted Swimmer represents a strategic move to further develop and grow its Commercial Banking division, building on the foundation laid by his predecessor, Don McCree. 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.

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