Hubbard Joins CIT as General Counsel

CIT Group named James R. Hubbard its general counsel and corporate secretary, effective March 18, 2019. Hubbard will join CIT’s Executive Management Committee and report to Chairwoman and CEO Ellen R. Alemany.

CIT Reveals New Brand Identity; Direct Capital Brand to be Retired

CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing campaign, tagline and website reflecting CIT’s consumer and commercial businesses.

CIT Names Former Pacific Life, Flying Tiger Exec to Board

Khanh T. Tran was appointed to the CIT board of directors. He will also serve on the board of CIT Bank. Tran’s background includes senior executive positions with Pacific Life, Aviation Capital and Flying Tiger Line.

CIT Completes Sale of Canadian Equipment Finance Business

CIT Group completed the sale of its Canadian equipment finance and corporate finance businesses (CIT Canada), with assets of approximately $700 million, to Laurentian Bank of Canada.

CIT Appoints Alderoty EVP/General Counsel/Corporate Secretary

CIT Group appointed Stuart Alderoty executive vice president, general counsel and corporate secretary. Alderoty previously served as general counsel for HSBC North America Holdings.

CIT Disappoints Analysts on Air-Leasing Plan

Bloomberg reported CIT fell in New York trading after incoming CEO Ellen R. Alemany outlined plans to cut costs and boost profitability, while offering little new information on the aircraft leasing divestiture.

CIT Announces Senior Management Appointments

Ellen R. Alemany has been appointed CEO and president of CIT Bank, effective immediately. CIT also appointed Robert C. Rowe, Steve Solk and Kenneth A. Brause, CRO, president of CIT Business Capital and treasurer, respectively.

Alemany to Replace Thain as CIT CEO; Hayles Named CFO

CIT announced that CEO John A. Thain will retire effective March 31, 2016 and will be replaced by Ellen R. Alemany. CIT also said corporate controller Carol Hayles will be promoted to CFO effective November 1, 2015.

CIT Names Alemany to Board of Directors

CIT Group announced that Ellen R. Alemany has been named to CIT’s board of directors, effective immediately. Alemany is the former head of RBS Americas and served as CEO for RBS Citizens Financial Group.