The parent company of Rhode Island’s Citizens Bank has named Christopher J. Swift, chairman and CEO of The Hartford Financial Services Group, to its board of directors.
Citizens Financial Group, which has 1,000 branches on the East Coast, including 33 in Connecticut containing approximately $3.2 billion in customer deposits, announced Swift’s appointment on Monday.
In a statement, Citizens CEO Bruce Van Saun called Swift “a standout CEO in the financial services industry, with significant experience in transformation and positioning a venerable company for the future.”
The property-casualty insurance exec will serve on the board’s risk committee.
Citizens pays its directors an annual cash retainer of $90,000 plus an annual restricted equity award of $130,000, according to the publicly traded bank’s most recent compensation plan disclosed to the U.S. Securities & Exchange Commission.
