Citizens has restructured its Asset-Backed Finance Group, with former head John Carlin shifting focus to the bank’s Private Capital initiative within its Capital Markets platform.

Pete Rogers and Erik Priede, managing directors, have been appointed to lead the Corporate Credit Securitization (CCS) and Asset-Backed Securities (ABS) platforms, respectively. Both will report to Jeffrey Kung, head of the bank’s Financial Institutions Group.

Institutions Group. Rogers assumes the role after 4 years as a lead originator for Citizens’ private credit financings and more than 25 years in structured products, including roles at Wells Fargo Securities and RBC Capital Markets.

Priede has been with Citizens since 2017 as the lead originator within ABS, with more than 25 years of structured products experience, including prior roles at RBS and Bank of America.