Shares of Citizens Financial Group Inc (NYSE:CFG) ended Tuesday session in green amid volatile trading. The shares closed up +0.35 points or 1.46% at $24.31 with 3.87 million shares getting traded. Post opening the session at $23.90, the shares hit an intraday low of $23.81 and an intraday high of $24.33 and the price vacillated in this range throughout the day. The company has a market cap of $12.72 billion and the numbers of outstanding shares have been calculated to be 564.44 million shares.
Citizens Financial Group Inc (CFG) on September 26, 2016 announced the promotion of Deputy Chief Compliance Officer and Chief Privacy Officer Scott Essex to Chief Compliance Officer, effective October 17, 2016. He will succeed Bob Nelson, who is retiring effective October 31, 2016. Essex will report to Chief Risk Officer Malcolm Griggs.
“Scott is well placed to take over the leadership of the Compliance organization as we execute on our long-planned transition,” said Griggs. “With more than 25 years of experience in financial services, he has deep expertise in compliance, operational risk management, business operations and change management. Since joining Citizens, Scott has had a major impact on the Compliance organization.”
In announcing Essex’s appointment, Griggs thanked Nelson for his leadership and service to the company. Nelson joined Citizens in 2010 as Chief Administrative Officer and Head of Strategy after 23 years at Citigroup.
“Bob moved over from Strategy to become Chief Compliance Officer in 2013, demonstrating his versatility,” said Griggs. “Under Bob’s leadership, we’ve made tremendous strides in building an effective compliance-management system. I’d like to congratulate Bob on his achievements over a long and highly accomplished career and wish him well on his retirement.”
Essex joined Citizens in 2014 as Deputy Chief Compliance Officer and Chief Privacy Officer from TD Bank, where he was Head of Global Compliance for Shared Services and Technology. Previously, he held compliance, risk management and operational leadership roles at major financial institutions.
Essex earned a Bachelor of Arts from Columbia University and a Master of Architecture from the University of Pennsylvania. He additionally earned a Master of Science in Engineering and a Master of Business Administration in Finance from Rutgers University.
Shares of HSBC Holdings plc (ADR) (NYSE:HSBC) ended Tuesday session in green amid volatile trading. The shares closed up +0.75 points or 2.04% at $37.59 with 2.40 million shares getting traded. Post opening the session at $37.12, the shares hit an intraday low of $36.97 and an intraday high of $37.60 and the price vacillated in this range throughout the day. The company has a market cap of $148.01 billion and the numbers of outstanding shares have been calculated to be 19.75 billion shares.
On September 20, 2016 HSBC Private Bank announced the appointment of Russell Schofield-Bezer as US Head of Investment Services and Product Solutions, further enhancing its leadership team in the US, one of its key growth markets.
In this role, Russell will be responsible for the development and delivery of investment services and offerings to clients in the region, the performance of discretionary and advisory mandates in the region, and the development of new initiatives and product ideas for local distribution. Russell will also be a voting member of the Global Private Bank Global Investment Committee.
Recently relocated from London to New York, Russell will report to Marlon Young, HSBC Regional Head of Global Private Banking, US & Latin America, and to Stuart Parkinson, Chief of Staff, HSBC Global Private Bank.
“As we continue to grow and invest in our US business, Russell’s appointment further strengthens our US leadership team and will help ensure the global consistency and innovation of our services and solutions for our clients,” said Young. “This is an exciting time for our business.”