First Citizens BancShares in Raleigh, N.C., has hired Brent Ciliano to be its chief investment officer.

Ciliano will lead the $31 billion-asset company's capital management group and chair its wealth management investment strategy committee.

Ciliano previously was the CIO at advisory firm Congress Capital Partners. He has also led portfolio strategy groups at Goldman Sachs Asset Management, SEI and MLIM (now BlackRock) and worked in global mergers and acquisitions at Merrill Lynch.

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