Citizens Financial : Expands Wealth Capabilities with Addition of New Insurance Advisory Team

Published: 2026-05-14 13:10:09 ET CFG

Published on 05/14/2026 at 01:10 pm EDT

05/14/2026

PROVIDENCE, R.I. (May 14, 2026) - As the company continues to deepen its wealth offerings, Citizens Financial Group, Inc. (NYSE: CFG) today announced the expansion of its insurance capabilities led by a new advisory team with deep business consulting expertise within Citizens Wealth. Serving clients nationally, Citizens continues to expand its offerings-building on the addition of new platform transformation and family office leadership-to advise on and deliver sophisticated planning solutions.

The Insurance Solutions group will be led by Michael Herron, who previously built and led the insurance division at First Republic Bank, growing it into a multi-million-dollar business and facilitating more than $12.5 billion in life insurance coverage. Jay Halverson and Will Hendricks will lead a client facing team that focuses on advising business owners on succession planning, exit strategy, and wealth transition.

The move allows Citizens to meet the growing demand, particularly from business owners as well as high-net-worth and ultra-high-net-worth individuals, for advice that connects to its broader integrated wealth management and banking strategy. The addition of these capabilities will also create new opportunities for Citizens to serve clients more holistically across Wealth Management, Private Banking, Commercial Banking, and Business Banking.

"As we continue to enhance our platform, we are focused on expanding capabilities in ways that make specialized advice more connected and accessible," said Paul Casey, Head of Wealth at Citizens. "Welcoming this team allows us to better support clients through pivotal financial moments, from growth to liquidity to legacy, with a coordinated, relationship-driven approach."

"As clients plan for the future, they want integrated advice that reflects the full picture of their financial lives," said Michael Herron, Senior Vice President, Head of Insurance Solutions, Citizens Wealth. "Citizens' platform allows us to bring planning, insurance and banking together in a way that simplifies complexity and is more valuable for clients."

This addition reinforces Citizens' strategy to build a national, integrated wealth platform that meets clients across every stage of their financial journey.

Disclaimer

Citizens Financial Group Inc. published this content on May 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 14, 2026 at 17:09 UTC.