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Citizens Financial Group Appoints Polly N. Klane as General Counsel and Chief Legal Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Citizens Financial Group (NYSE: CFG) has appointed Polly N. Klane as General Counsel and Chief Legal Officer, starting April 4. Previously, Klane served as Senior Vice President and Deputy General Counsel at Capital One. With over 25 years of legal experience in financial services, she is expected to enhance the company's legal strategy and support its transformation efforts. Klane takes over the role from Malcolm Griggs, who will continue as Chief Risk Officer.
Positive
Polly N. Klane's extensive legal experience adds value to Citizens' legal strategy.
Her background in corporate governance and cybersecurity aligns with the bank's needs.
Negative
Transitioning leadership may present challenges in continuity during the change.
PROVIDENCE, R.I.--(BUSINESS WIRE)--
Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) announced today the appointment of Polly N. Klane as General Counsel and Chief Legal Officer, effective April 4. Klane joins Citizens from Capital One Financial Corp., where she most recently has served as Senior Vice President and Deputy General Counsel. She will report to Chairman and Chief Executive Officer Bruce Van Saun and will be a member of the Citizens Executive Committee.
Klane has more than 25 years of legal experience including with large, publicly traded financial services organizations and leading law firms. At Capital One she managed legal teams responsible for corporate transactions, corporate governance, securities, commercial banking, capital markets, intellectual property, treasury, cybersecurity, technology, and data privacy.
“Polly brings tremendous breadth and depth of experience with large financial services and technology-focused organizations,” said Van Saun. “She will add significant value to Citizens as a counselor and culture carrier, helping us drive our ongoing transformation as we seek to deliver sustainable growth and become a top performing regional bank.”
Klane assumes the General Counsel role from Malcolm Griggs, Citizens’ Chief Risk Officer, who had been overseeing the Legal Department. Griggs will continue in his capacity as Chief Risk Officer and member of the bank’s Executive Committee.
Active in a number of community and professional organizations, Klane earned her J.D. at Harvard Law School and undergraduate degree from Duke University.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $188.4 billion in assets as of December 31, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of nearly 3,000 ATMs and more than 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
