Updated March 26 at 12:27am

Citizens’ Alemany 5th-most powerful woman banker


PROVIDENCE – Citizens Financial Group’s chairman and CEO is the fifth most powerful woman banker, according to American Banker.

Ellen Alemany, also head of RBS Americas, was recognized on the publication’s “The 25 Most Powerful Women in Banking” list for 2011, rising from No. 13 on the 2010 list.

“I am honored to be […] in the company of such talented and accomplished women,” said Alemany in a news release. “This recognition validates the progress we are making at Citizens Financial Group and the hard work of our colleagues.”

American Banker recognized Alemany for crafting a five-year plan, now in its third year, to “steer Citizens through the crisis and out of a past defined by underinvestment.”

It also noted that she helped move the bank from No. 50 to No. 16 in mortgage lending in 2010; achieved eight consecutive quarters of net interest margin growth through the first quarter; is the only female member on RBS Group’s nine-member executive committee; and is one of the few women on the board of the Financial Services Roundtable.

Earlier this year, Alemany received an honorary doctor of business administration degree form Bryant University, and the Foreign Policy Association recognized her with a Corporate Social Responsibility Award.

The most powerful woman in banking, according to American Banker, is Karen Peetz of BNY Mellon, followed by Carrie Tolstedt, Wells Fargo, and Ellen Costello, Harris Financial.

“If the opportunity is right, do not necessarily shy away from a lateral move. It could pave the way for future career progress,” Alemany is quoted as saying in her American Banker profile.


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