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The Boston Globe


Citizens prepares for 2014 IPO

Bruce Van Saun, RBS Citizens Financial Group’s new chief executive, has one year and one looming challenge: transform a profitable but lackluster bank into a dynamic enterprise that will attract investors when it launches an initial public offering at the end of 2014.

Van Saun, a New Jersey native, has spent the last few years across the Atlantic as a group finance director for Royal Bank of Scotland, Citizens’ parent company. He took the helm of the Providence-based financial services company Tuesday, promising to boost revenues and profits.

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