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Citizens Financial Group CFO to join State Street

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Citizens Financial Group CFO to join State Street

Eric Aboaf, who has been executive vice president CFO ofProvidence, R.I.-based CitizensFinancial Group Inc. since April 2015, will be leaving the company to join Boston-basedState Street Corp.

Aboaf is expected to join State Street no later than Jan. 2,2017, as executive vice president and a member of its management committee,according to a Form 8-K filed by State Street. He will assume the role of StateStreet's CFO no later than April 1, 2017, succeeding Michael Bell, who willstep down from thatrole.

Aboaf tendered his resignation from Citizens Financial Groupon Sept. 22 and will work through his notice period until Dec. 16, according toa Form 8-K filed by the company. Former Citizens Financial Group CFO JohnFawcett will come out of retirement and serve as interim CFO, subject toregulatory approval, until Aboaf's successor is found.

Citizens Financial Group also noted in its news release thatit "currently expects to meet or exceed Bloomberg third quarter consensusestimates" of 48 cents per share.