Citizens names commercial-banking head as McCree retires
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Citizens names commercial-banking head as McCree retires. Don McCree is retiring after 10 years with the bank. Ted Swimmer, most recently the bank's head of capital markets and advisory, has taken McCree's former post. Citizens Financial Group named Ted Swimmer head of commercial banking Tuesday, effective immediately. Swimmer, who was most recently head of capital markets and advisory for the commercial bank, will succeed Don McCree, who held the role for 10 years. McCree will chair the bank's commercial-banking arm until he retires in March 2026. Swimmer joined the Rhode Island-based lender in 2010 after holding a variety of senior posts at Wachovia Securities, including leading its leveraged finance activities. He was named to Citizens' executive committee in 2018. "Working closely with Don, Ted has built a strong Capital Markets and Advisory business that provides clients with excellent ideas, advice and solutions," Citizens CEO Bruce Van Saun said in a prepared statement. "He is a highly capable leader who has attracted great talent to Citizens," Van Saun said of Swimmer. "I look forward to working closely with him as we continue to grow the Commercial Bank and take it to an even higher level." McCree's 10 years at Citizens were preceded by 31 at JPMorgan Chase, in roles including co-head of corporate and investment banking and CEO of global treasury...
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