Aboaf appointed CFO, executive vp at Citizens

CITIZENS FINANCIAL Group Inc. has appointed Citigroup executive Eric Aboaf as executive vice president and chief financial officer.
CITIZENS FINANCIAL Group Inc. has appointed Citigroup executive Eric Aboaf as executive vice president and chief financial officer.

PROVIDENCE – Citizens Financial Group Inc. has appointed Eric Aboaf executive vice president and chief financial officer.
Aboaf, who will serve on the company’s executive committee and report to chairman and CEO Bruce Van Saun, will join Citizens April 6. He will succeed chief financial officer John Fawcett, who is retiring April 30.
Aboaf will be responsible for the business line finance groups and for the company’s financial planning and analysis, controller, investor relations, strategy, treasury, tax and capital management functions.

Aboaf comes to Citizens from Citigroup Inc., where he was global treasurer. He previously served as chief financial officer of both Citigroup’s North American Consumer Group and its Institutional Client Group.

In announcing Aboaf’s appointment, Van Saun thanked Fawcett for his leadership, a position he held since 2007.
Said Van Saun, “[Fawcett] has played a key role in many of our achievements over this period, including the enhancement of our reporting to public company standards, operational separation from RBS, the sale of our Chicago region and of course the successful IPO.”
Fawcett said he worked with Aboaf at Citi and said he will do a “great job of helping Bruce and the rest of the management team navigate the next leg of the Citizens journey.”
Van Saun commented on Aboaf’s diverse background in finance and strategy, and said he will help Citizens pursue its goal of becoming a top-performing regional bank.
“He has been a finance leader across a variety of financial service business lines and has deep experience in balance sheet management. We plan a brief overlap period with John, but I expect Eric to hit the ground running,” Van Saun said.

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