---
id: "entity-citizens-bank"
type: "entity"
entityType: "organization"
canonicalName: "Citizens Bank"
source_timestamps: ["¶2"]
tags: ["data-source", "financial-institution"]
related: ["claim-pe-market-growth"]
sources: ["tail2"]
sourceVaultSlug: "hbr-seg-tail2"
originDay: 2
articleStem: "hbr-tail-120-corporate-to-pe-ceo"
sourceUrl: "https://hbr.org/2026/07/making-the-leap-from-corporate-leader-to-pe-backed-ceo"
sourceTitle: "Making the Leap from Corporate Leader to PE-Backed CEO"
---
# Citizens Bank

A U.S. regional bank cited as the source for the macroeconomic data behind the PE talent shortage. Citizens' internal analysis is the basis for [[claim-pe-market-growth|the claim that U.S. PE-backed companies grew more than 400% while publicly listed companies declined roughly 35% over the past 25 years]].

**Canonical:** citizensbank.com (context only). **Caveat:** the specific series is Citizens' proprietary analysis; external academic/industry work broadly corroborates the *directional* trend (sharp rise in PE-backed firms, decline in public listings) but not the identical percentages.