RBS Citizens has launched a new technology and services banking group. The group is led by technology banker and industry executive William Egge, who joined Citizens last year to develop the national strategy for this business.
RBS Citizens, the commercial banking division of Citizens Financial Group, today announced the national launch of its Technology and Services banking group.
The national rollout of the Technology and Services group comes as Citizens expands its broader Mid-Corporate business nationally. This expansion includes the development of national banking groups focused on high-growth industries like technology, health care and franchise finance.
The Technology and Services group is focused on building relationships with both emerging growth and established technology companies across four primary sectors:
• software and systems
• business services
• hardware and equipment
• media and communications.
The group is led by veteran technology banker and industry executive William Egge, who joined Citizens last year to develop the national strategy for this business.
Egge has over 17 years of experience in the Technology and Services industry as both a banker covering the industry while at Wachovia Securities and as an M&A and corporate finance professional for two private equity backed technology companies in the technology-enabled services sector.
“We have a very strong portfolio of technology relationships in place that has grown significantly over the years as the major technology companies in our footprint have recognized our expertise in this area and turned to us for their banking needs,” said Steve Woods, Head of Corporate Banking at RBS Citizens. “We are pleased to be able to build on this regional success and to offer this expertise to technology companies nationwide.”
Woods added: “William brings a unique technology industry background and perspective that we will leverage as we build the group into a national practice.”
“I’m excited about the opportunity to expand our already strong Technology and Services business,” said Egge. “Citizens has a lot to offer companies in the technology sector. We have a diverse portfolio of clients that include both technology companies and private equity groups and we are deeply engaged in the technology M&A market. We have a very strong team with a lot of industry expertise that is focused on helping our clients achieve their goals.”
As part of its national expansion announced last month, Citizens has hired teams of experienced commercial bankers across its traditional New England, Mid-Atlantic and Midwestern markets and also in the following markets: Atlanta, Washington, DC, Charlotte, NC, Dallas and Los Angeles.
As announced earlier this year, Providence-based Citizens Financial Group will be changing the name of its commercial banking division to Citizens Commercial Banking later this year. For more information about Citizens Financial Group, go to citizensbank.com.
About Citizens Financial Group, Inc.
Citizens Financial Group Inc. is one of the nation’s oldest and largest financial institutions, with $130.3 billion in assets as of June 30, 2014. Headquartered in Providence, Rhode Island, the company offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Consumer Banking 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 approximately 1,200 Citizens Bank and Charter One 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 selective 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 via subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania.