Citizens selects Mellon to manage

Citizens Financial Group has announced that it has selected Mellon Financial Corporation to manage the international equity component of Citizens’ defined benefit employment retirement plan. The mandate calls for Citizens’ retirement plan investments to be managed in a blend of growth and value equities, including emerging markets by Mellon subsidiaries The Boston Company Asset Management and U.K.-based Newton Investment Management, Ltd.



On Dec. 1, 2001, Mellon completed the sale of its mid-Atlantic region consumer, small business and certain middle market banking businesses to Citizens.



Citizens has since begun offering Dreyfus mutual funds at all of its bank branches in New England and the mid-Atlantic region. In Jan. 02 Dreyfus was selected to manage and administer cash management assets totaling more than $1 billion for Citizens’ banking customers as well as clients of its affiliated broker-dealer Citizens Financial Services, Inc.