Citizens Financial Names Aunoy Banerjee as New CFO

Citizens Financial has appointed Aunoy Banerjee as executive VP and CFO, effective October 24. Banerjee joins from Barclays, where he serves as CFO of Barclays Bank. He will report to chairman and CEO Bruce Van Saun and serve on the company's executive committee. Current CFO John Woods will depart on August 15.

Citizens Financial Group, Inc. (NYSE: CFG) has announced the appointment of Aunoy Banerjee as Executive Vice President and Chief Financial Officer (CFO), effective October 24, 2025 [1]. Banerjee will join the company from Barclays Bank PLC, where he currently serves as CFO. He will report to Chairman and CEO Bruce Van Saun and serve on the company's Executive Committee.

Banerjee, a 25-year veteran in the financial services industry, will succeed John Woods, who will depart on August 15, 2025. Chris Emerson, EVP and Head of Corporate Planning & Enterprise Finance, will serve as interim CFO until Banerjee's arrival. Banerjee's responsibilities will include Financial Planning and Analysis, Business Line Finance Groups, Controller, Investor Relations, Treasury, Tax, and Capital Management functions, as well as Property & Procurement [1].

Prior to joining Barclays, Banerjee held senior finance roles at State Street and Citigroup. He has extensive experience leading finance functions at large financial institutions and overseeing complex transformation and optimization programs. At Barclays, he leads a global team supporting multiple lines of business, including U.S. Consumer, Global Corporate and Investment Banking, and Private Bank and Wealth Management [1].

Citizens Financial Group is one of the nation's oldest and largest financial institutions, with $218.3 billion in assets as of June 30, 2025. The appointment of Banerjee coincides with the bank's ongoing retooling of its business strategy, including the launch of a private bank and a new plan called "Reimagining the Bank" that targets AI-related efficiencies and employee upskilling [2].

References:
[1] https://finance.yahoo.com/news/citizens-financial-group-names-aunoy-121500301.html
[2] https://www.americanbanker.com/news/citizens-names-barclays-executive-as-its-next-finance-chief