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Photo by James Sanna | Banker & Tradesman staff
After hiring around 50 wealth managers from the now-acquired First Republic Bank last month, Citizens Bank said on Monday that its team of wealth managers will be joined by their former leader.
The bank hired Susan deTray – a former senior vice president, deputy chief credit officer, and head of Credit Administration in First Republic – as the head of Citizens Private Bank.
deTray is experienced in private banking and wealth management, and she was responsible for over $200 billion consumer and loan portfolio previously at First Republic.
For Citizens Private Bank, deTray will lead its private banking growth strategy and partner closely with enterprises to fuel growth in wealth management, business banking, and commercial banking. She will oversee Citizens Private Bank’s multiple teams in Boston; New York; Palm Beach, Florida; and San Francisco
She will report directly to Brendan Coughlin, the vice chairman and head of Consumer Banking for Citizens Bank.
“Susan is a well-respected, accomplished banking leader with tremendous breadth and depth of experience delivering exceptional client-centric private banking and wealth management experiences at large financial services firms,” Coughlin said in a statement. “She will help significantly accelerate our private banking growth strategy, fueled by our recent hiring, leading the buildout of a world-class offering for the market.”
Prior to First Republic, deTray held leadership and credit risk management roles at Wells Fargo, U.S. Trust, The Bank of New York, and JPMorgan Chase. She is based in San Francisco and holds a bachelor’s degree in economics from Barnard College, Columbia University and completed the General Management Program at Harvard Business School.
Citizens Bank has been active and on the lookout to hire the best local talents from the failure of Silicon Valley Bank and First Republic Bank, which were now acquired by First Citizens Bank and JP Morgan Chase, respectively.
Other banks that onboarded talent from SVB and First Republic include Berkshire Bank and Cambridge Trust.
