First Citizens BancShares, and its First-Citizens Bank & Trust subsidiary, appointed Eugene Flood Jr. to the board of directors, effective Jan. 1. Flood will fill the vacancy after the retirement of director Daniel Heavner, effective Dec. 31, 2022. Heavner has served as a director since 2007. Flood has been appointed to serve as a member of the BancShares’ risk committee and the trust committee of First Citizens Bank.

“I’d like to thank Dan for his many years of dedication and service,” Frank B. Holding Jr., chairman and CEO at First Citizens, said. “I also welcome Gene to First Citizens. The expertise he brings will be a significant asset to the board and our company.”

Flood has served as a member of the board of directors of Janus Henderson Group PLC. He is also a former president and chief executive officer of Smith Breeden Associates, a North Carolina-based fixed income asset manager. Flood also previously served as executive vice president of TIAA CREF, served on the CREF Board of Trustees, the TIAA CREF Mutual Fund Board of Trustees for seven years and was chair of the investment committee.

In addition, Flood has served as chairman of the advisory board for the Institute for Global Health and Infectious Diseases at the University of North Carolina at Chapel Hill since 2014, director of the Research Corporation for Science Advancement since 2015, served as a trustee of the Financial Accounting Foundation from 2016 to 2020 and was director of The Foundation for the Carolinas from 2012 to 2015.