02/03/2025
Citizens Deepens Wealth Capabilities with Addition of New Delaware Trust Company
February 3, 2025 -- PROVIDENCE, R.I.— Citizens Financial Group, Inc. (NYSE: CFG) today announced the opening of Citizens Trust Company of Delaware, a subsidiary that will offer clients trust and fiduciary services under the benefits of Delaware’s unique trust laws, including income and estate tax advantages, enhanced privacy, and asset preservation. This is the latest move as part of Citizens’ commitment to expanding capabilities and bolstering talent with differentiated expertise to serve the complex needs of Wealth Management and Private Banking clients.
Led by seasoned trust and estate planning leader Jennifer Cuva, who will serve as Regional Trust Director, the Newark, Delaware-based office will offer an array of dynamic trust solutions to meet the complex financial needs of ultra-high-net-worth individuals and families with customizable dynasty trusts, directed trusts and asset protection trusts.
“Whether preserving family assets, managing philanthropic goals or navigating complex business transitions, Citizens Trust Company of Delaware will provide flexibility, protection and personalized solutions to safeguard and grow wealth for future generations,” said Paul Casey, Head of Wealth at Citizens. “Jennifer’s deep expertise and dedication to delivering innovative estate and trust solutions furthers our commitment to helping clients achieve their financial goals with enhanced sophistication and tailored service, fueled by an array of differentiated offerings.”
Cuva brings nearly two decades of trust and estate planning experience to Citizens, having previously served as Director of Personal Trust at Charles Schwab Trust Company where she where she led Trust Administration for Schwab’s two state-chartered trust companies including Charles Schwab Trust Company of Delaware.
Joining Cuva will be Dominique DuMochel who will serve as Delaware’s Business Development Director, expanding her current role as a Senior Wealth Advisor for Citizens Private Wealth. Together, Cuva and DuMochel will partner with Citizens Wealth and Private Bank to build and support private client wealth relationships that include personal fiduciary business. Additionally, they will serve as ambassadors for Citizens Private Wealth and Delaware Trust, working with centers of influence around the country to create Delaware Trust solutions.
Citizens Private Wealth offers clients and their families financial planning, investment management, deposits and lending, estate and trust planning, insurance and asset protection solutions, alternative investments and tax planning and preparation.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $217.5 billion in assets as of December 31, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn or Facebook.