July 3, 2023
Jason Diamond Quoted
By Victoria Zhuang
Citizens Financial Group, one of the largest banks in the U.S., hasn’t traditionally been on the short list when top advisors consider moves.
But that could change in the next few years, as the Providence, Rhode Island-based bank builds out its rapidly growing wealth management business and seeks to plug in holes where the industry has fallen behind, specifically in cultivating talent for early-career advisors and veterans alike.
Jason Diamond, an industry recruiter who is the vice president and senior consultant at Diamond Consultants, agreed that he didn’t hear much about Citizens in conversations with advisors planning moves — “which is not to say that they won’t have success going forward.”
“They need to win a few meaningful, wirehouse-type teams. And that really delivers proof of concept,” Diamond said. “Once you prove that you are a legitimate option for a sophisticated corner office-type team, it’s much easier to convince future recruits down the road.”