Bruce Van Saun, CEO of Citizens Financial Group Inc., believes that the failed attempt to acquire First Republic Bank from JPMorgan Chase could actually benefit his company's private banking and wealth-management operations.

According to Van Saun, the assets associated with First Republic, such as leases, bank branches, and mortgage holdings, would be easier for JPMorgan to manage than for Citizens.

Van Saun suggests that the acquisition would have presented integration challenges for his firm, and that larger institutions like JPMorgan may have a more favorable alignment of resources and capabilities in the banking sector.