Photo Release -- Ciliano Joins First Citizens Bank as Chief Investment Officer

RALEIGH, N.C., June 4, 2015 (GLOBE NEWSWIRE) -- Brent Ciliano has joined First Citizens Bank as its Chief Investment Officer, leading the company's Capital Management Group.

Brent Ciliano has joined First Citizens Bank as its Chief Investment Officer, leading the company's Capital Management Group.


A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=33523

Ciliano manages a team of investment professionals and serves as chair of Wealth Management's Investment Strategy Committee. He has more than 20 years of experience in portfolio strategy, portfolio management and investment banking.

"Brent brings to First Citizens a deep understanding of investment policy and strategy, thought leadership, superior relationship management skills and a proven track record of driving positive business results," said Michael Wilson, First Citizens Wealth Management Executive. "These qualities and attributes make him well-suited to lead the talented team of investment professionals in our Capital Management Group."

Ciliano joined First Citizens from Congress Capital Partners, where he most recently served as the firm's chief investment officer and as chair of the Investment Policy Committee for the Risk Managed Series suite of investment strategies. Before his tenure there, he served as head of portfolio strategy for Goldman Sachs Asset Management's TPD Portfolio Strategy group, head of strategy for SEI's Wealth Network Group and senior strategist on the MLIM (now BlackRock) Global Allocation Fund. He has also worked in global mergers and acquisitions at Merrill Lynch.

Ciliano received his bachelor's degree from Drexel University in Philadelphia with a dual major in finance and accounting. He holds the chartered financial analyst (CFA) designation and served as a member of the Boston Security Analysts Society.

Ciliano is based at the bank's headquarters in Raleigh, N.C.

Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank is the largest family-controlled bank in the U.S., with offices in 18 states. First Citizens Bank is a major subsidiary of First Citizens BancShares Inc. (Nasdaq:FCNCA), which has over $30 billion in assets. For more information, call toll free 1.888.FC DIRECT (1.888.323.4732) or visit firstcitizens.com. First Citizens Bank. Forever First®.

CONTACT: Barbara Thompson First Citizens Bank 919.716.2716

Source:First Citizens Bank