Daily News: October 9, 2019

CIT Hires McElyea to Lead Merchant and Card Initiative


Bob McElyea has joined CIT Group as managing director leading CIT’s Merchant and Card Initiative in the Treasury and Payment Services group.

McElyea will lead the transformation of payment services for CIT’s clients across all segments.

“As a strong leader and experienced banker who has a unique mix of payments and deposit growth expertise, Bob is the right person to spearhead our efforts to advance our treasury and payments capabilities to grow our business,” said Jim Gifas, CIT’s head of Treasury and Payment Services.

McElyea joins CIT from U.S. Bank, where he has been a senior vice president and regional sales manager in the company’s Global Treasury Management group. Previously, he served as vice president at First Data, where he led the Financial Institutions Strategic Partnerships business line nationally. McElyea also worked as a senior vice president and national sales leader at Citizens Financial Group, where he was responsible for treasury management technical sales, commercial card, and merchant solutions. Before that, he held various positions in relationship banking.