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Former Citi Exec. Appointed Chief Risk Officer At Citizens

Nov 16, 2010 | Reprints | Unlock Link | Print

Providence, R.I.-based Citizens Financial Group Inc. has named Nancy Shanik as chief risk officer.

Shanik will oversee the risk management organization within Citizens including strategy and day-to-day operations, according to a statement. From 2004 to 2008, Shanik served as chief credit officer for Citigroup’s Global Commercial Markets business.

"Nancy’s broad-based experience in financial services and her leadership will enhance Citizens’ risk-management capabilities," said Ellen Alemany, chairman and CEO of Citizens and RBS Americas. "Nancy’s experience in small middle market and real estate will help us expand commercial banking in our footprint."

Shanik joined Citizens from New York’s Alvarez & Marsal where she was a managing director.

Banking & Lending