News: Finance

Tyers named president of Citizens Private Bank

Providence, RI According to Citizens Bank, John Tyers has been named president, Citizens Private Bank effective June 6. Tyers, a financial services veteran with more than 20 years of wealth and investment management experience, joins Citizens from Lombard International and previously held executive leadership roles at firms including Bank of America/Merrill Lynch, Bear Stearns, Credit Suisse First Boston and Charles Schwab.

As President, Citizens Private Bank, Tyers oversees the delivery of client centric banking, investment, fiduciary and advisory services to Citizens’ high net worth clients.

“As we continue to accelerate the growth of our wealth management businesses, our high net worth families and clients will benefit from John’s extensive knowledge,” said John Bahnken, President, Citizens Wealth Management. “John has a strong record of building high performing businesses and we are delighted to have him lead this important business for Citizens.”

Tyers served in various leadership roles at Bank of America/Merrill Lynch before joining Lombard International where he served as Head of Institutional Sales focused on accelerating the company’s U.S. growth. Previously he was a Senior Managing Director and Co-Head, Broker Dealer and Investment Advisor Services at Bear Sterns, and a Vice President at Credit Suisse. Tyers is a graduate of the University of Georgia with a Bachelor of Arts degree.

Citizens Private Bank is Citizens Bank’s wealth management division serving high net worth customers. Citizens’ private bankers provides high net worth clients with highly personal services and expertise, including comprehensive investment strategies, estate and charitable planning and banking service.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $140.1 billion in assets as of March 31, 2016. Headquartered in Providence, R.I., Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and  1,200 Citizens Bank branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance. Citizens operates through its subsidiaries Citizens Bank, N.A. and Citizens Bank of Pennsylvania. 

Tags: Finance
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.