• Executive Management Committee

     

    Ellen R. Alemany

    Ellen R. Alemany

    Chairwoman and CEO of CIT Group
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    Ellen R. Alemany is chairwoman and chief executive officer of CIT Group and chairwoman, CEO and president of CIT Bank, the company’s bank subsidiary. She was named CEO in April 2016 and became chairwoman in May 2016. 

    Alemany is the former head of The Royal Bank of Scotland (RBS) Americas, the management structure that oversees RBS' businesses in the Americas. She also served as chairman and CEO for RBS Citizens Financial Group, Inc. Prior to RBS, she served as CEO for Global Transaction Services at Citigroup. Alemany held a number of senior positions during her tenure at Citigroup, including executive vice president for Commercial Business and president and CEO of CitiCapital. She also held a number of executive positions in Citigroup's Global Corporate Bank, including customer group executive of North American markets, global industry head of Media and Communications, U.S. industry head of Consumer Products, and customer group executive for the Global Relationship Bank in Europe, based in London. 

    Alemany received her MBA in finance from Fordham University. She serves on the boards of Fidelity National Information Services, Inc., The Center for Discovery and Operation HOPE.

    Stuart Alderoty

    Stuart Alderoty

    Executive Vice President, General Counsel and Corporate Secretary
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    Stuart Alderoty is Executive Vice President, General Counsel and Corporate Secretary. He is the Chief Legal Officer, responsible for overseeing all legal, corporate governance and insurance risk management matters for CIT and its operating groups.

    Alderoty joined CIT from HSBC North America Holdings, Inc., where he has served as general counsel for six years. Prior to joining HSBC,  Alderoty was managing counsel at American Express, and before that  he was a partner with the law firm of LeBouef, Lamb, Green and MacRae, specializing in litigation. 

    Alderoty serves on the board of the Minority Corporate Counsel Association, a not-for-profit association that advocates for the expanded hiring, retention and promotion of minority attorneys in corporate law departments and the law firms that serve them. He also serves on the board of the Count Basie Theatre, a not-for-profit community arts center in Red Bank, New Jersey.  Alderoty is also a member of  the advisory committee of the Corporate Law Center at Rutgers University Law School.

    George Cashman

    George Cashman

    President, CIT Rail
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    George Cashman is President of CIT Rail. He joined CIT in January 2000 as Senior Vice President and was promoted to Executive Vice President in July 2001. He was subsequently promoted to his current position in August 2006.

    His areas of expertise include rail and shipping industry trends and railcar types and leasing. 

    Prior to joining CIT, he was Senior Vice President of PSE&G Energy Services, responsible for developing a captive finance company for this unregulated energy services subsidiary of PSE&G. Before PSE&G, Cashman was President and Co-Founder of Glenshaw Capital, an investment advisory company.

    He spent the majority of his career with Westinghouse Financial Services, where he served in a variety of management positions, including most recently as Executive Vice President and Group Manager - Major Industries Finance. In this role, he developed industry verticals in the Transportation, Energy and Media markets. Prior to joining Westinghouse in 1984, Cashman held a number of positions with GTE, including co-founding its captive finance company.

    He received a BS degree in Finance and Economics from Susquehanna University and an MBA from the College of William and Mary.

    Jim Duffy

    Jim Duffy

    Executive Vice President and Chief Human Resources Officer
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    Jim Duffy is Executive Vice President and Chief Human Resources Officer at CIT. He is responsible for overseeing the human resources function, including the development and implementation of the company's global employee talent programs, employment policies, compensation and benefits.

    Duffy was previously chief human resources officer at Ally Financial Inc., where he was responsible for HR, including compensation, staffing, leadership development, talent management, and acquisition, employee relations and organizational development. Prior to Ally, Duffy was the chief human resources officer at CIT Group Inc.

    Prior to joining CIT in 2006, he served as senior vice president of Human Resources for Citigroup's Global Consumer Group, a $13 billion business offering  a full range of consumer products with more than 200,000 employees in 50 countries.

    Before joining Citigroup, Duffy held senior HR positions at other major banking and manufacturing companies, including AlliedSignal, Ingersoll-Rand, Bankers Trust and GE.

    John Fawcett

    John Fawcett

    Executive Vice President and Chief Financial Officer
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    John Fawcett is the executive vice president and chief financial officer of CIT.  In this role his responsibilities include strategic planning, financial analysis, accounting, treasury management, tax and investor relations. 

    Fawcett joined CIT in April 2017. Previously, he served as CFO of Citizens Financial Group (CFG) and Royal Bank of Scotland (RBS) Americas from 2007 through 2015. He was instrumental in leading the CFG initial public offering and separation of CFG from RBS in September 2014. Prior to this he had a 20-year tenure at Citigroup with CFO roles in various areas including as CFO of Global Transaction Services, CFO of the Commercial Markets Business and head of Financial Planning and Analysis for the Global Corporate and Investment Bank, to name a few. Most recently, Fawcett served on the board of Rabobank North America. 

    He earned a Bachelor of Science in Accounting and a Master of Business Administration in Finance, both from St. John’s University.  

    Matt Galligan

    Matt Galligan

    President, CIT Real Estate Finance
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    Matthew (Matt) Galligan is President of CIT Real Estate Finance. His group provides stabilized, value-add and construction loans between $20 million and $50 million to highly experienced and well-capitalized developers in the office, retail, industrial and multi-family rental sectors.  

    Galligan’s areas of expertise include commercial real estate finance and commercial, construction, bridge and acquisition loans.

    Galligan most recently served as managing director and head of U.S. Property Finance for Bank of Ireland where, under his leadership, his team negotiated and closed more than 30 transactions totaling $2 billion. 

    Before joining Bank of Ireland, Galligan served as executive vice president for Real Estate Capital Markets at DebtX. He has also worked for Fleet Boston Financial, Bank of Boston and Chase Manhattan in executive-level positions in credit, real estate lending, debt distribution and capital markets. Galligan sits on the Commercial Real Estate Board of Governors for the Mortgage Bankers Association and serves on the Board of Directors of Habitat for Humanity New York City. 

    Galligan received a BA in Economics/Accounting from the College of the Holy Cross and an MBA in Finance from New York University Stern School of Business.

    Jim Hudak

    Jim Hudak

    President, CIT Commercial Finance
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    Jim Hudak is President of CIT Commercial Finance. He has more than 25 years of experience in corporate and leverage banking, specifically targeting middle-market companies. He has served in a number of capacities on the credit, underwriting and origination sides. 

    Hudak’s areas of expertise include private equity and M&A trends, capital markets and trends and convergence in the media, information services and technology, entertainment and gaming, sports and communications sectors.

    In the mid-1980s, Hudak started his career in a commercial real estate bank training program at Philadelphia National Bank. Hudak was soon  working at Merrill Lynch, followed by Citibank, where he worked in the Leveraged Finance division, leading many middle-market transactions. In 1991, he joined AT&T Capital in its Capital Markets Division and focused on large project financings and leverage leases. He soon joined with a partner and co-founded AT&T Capital's Telecom Group,  eventually augmenting it with media, entertainment and other technology sector capabilities. Over the years, Hudak successfully guided the group through several accretive acquisitions, including Nomura, Newcourt Capital, Tyco and CIT. 

    For the past six years, Hudak has run the Corporate Finance Group at CIT, which comprises leading industry verticals in Aerospace & Defense, Commercial & Industrial, Communications, Media & Entertainment, Energy and Healthcare. The group is dedicated to servicing the specialized financing and advisory needs of small- and middle-market companies in the U.S. and Canada. 

    Hudak received a BA from Bucknell University and an MBA from Cornell University. He is a former officer in the U.S. Army and Army Reserves.

    Denise M. Menelly

    Denise M. Menelly

    Executive Vice President and Head of Technology and Operations
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    Denise M. Menelly is Executive Vice President and Head of Technology and Operations. Previously, Menelly spent six years with Bank of America Merrill Lynch, most recently as head of Enterprise Shared Services. In this role she managed and transformed functions shared by the bank's corporate, commercial and consumer business lines. She joined Bank of America in 2010 as the chief operating officer for Corporate Banking and then became the global head of Commercial and Corporate Bank Operations, managing functions in more than 28 countries. Menelly implemented positive change in each role through digitization, process simplification, performance improvement, risk reduction, business alignment and talent management.  

    Prior to joining Bank of America, Menelly served as the head of operations for RBS Citizens and vice chairman of Citizens Bank. In these roles her responsibilities included the U.S.-based banking operations for Consumer Banking, Commercial Banking and Global Transaction Services.  

    From 1996 to 2008, Menelly worked  at Citigroup, implementing technology and process changes while increasing her responsibilities in various Operations and Technology roles. These included global head of Securities & Fund Services (SFS) Operations and Client Delivery, head of operations for the Commercial Business Group, head of CitiCapital Operations, head of Global Transaction Services Client Delivery and head of Domestic Cash Management Operations.  

    Menelly began her career with Bankers Trust Company in 1983 and spent the next 13 years managing various operations and technology functions. When she left in 1996, she was the director of Operations and the head of Global Treasury and Trade Operations.  

    Menelly has been a champion for women in business and has played leadership roles in organizations and programs designed to help women succeed. She is currently an executive board member of the National Center for Women in Information Technology (NCWIT) and for the past four years she has served as the executive sponsor for NCWIT's "Awards for Aspirations," a national award for high school girls studying computer science. She has also served on the organizing committee for the Technical Executive Forum, sponsored by the Anita Borg Institute (ABI), which brings together top technical executives to work on its mission of increasing the representation of women in technology. Menelly has also served as a global ambassador in partnership with the nonprofit Vital Voices, providing mentorship to women leaders in developing countries. She earned a BS in Economics from Manhattan College.

    Kelley Morrell

    Kelley Morrell

    Executive Vice President and Chief Strategy Officer
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    Kelley Morrell is Executive Vice President and Chief Strategy Officer. She is responsible for leading the evaluation and execution of a wide range of strategic initiatives, including large-scale strategic mergers and acquisitions, as well as for partnering with senior leaders across the organization to develop the company's strategy and execute its strategic priorities.

    Morrell’s areas of expertise include corporate strategy & business development, mergers & acquisitions, restructurings, turnarounds & transformations, regulatory & government relations and business transition & integration.

    Prior to joining CIT, Morrell served as a senior director of the U.S. Treasury's Automotive Industry Financing Program, the Federal government's $81 billion portfolio of investments in the American automotive industry, which originated during the 2008 financial crisis. She oversaw the government's investments in Chrysler Financial, and in Chrysler Group following its emergence from bankruptcy, and through its restructuring and successful exit from government ownership. Morrell also led the development of strategic alternatives for Ally Financial, and was part of the team that executed the initial public offering of General Motors after its emergence from bankruptcy. 

    Previously, Morrell was an investment professional at Hellman & Friedman, the San Francisco-based private equity firm. She began her career as an investment banker at Goldman Sachs in its Financial Institutions Group. 

    Morrell graduated magna cum laude from Harvard College and received her MBA with distinction from Harvard Business School.

    Gina Proia

    Gina Proia

    Executive Vice President, Chief Marketing and Communications Officer
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    Gina Proia is EVP, Chief Marketing and Communications Officer of CIT. She is responsible for overseeing the company’s branding, marketing, advertising, communications and corporate citizenship strategies as well as ensuring they support CIT’s strategic priorities. She is also responsible for advancing strategies and programs to help promote a corporate culture that aligns employees with CIT’s business goals, facilitates sustained growth, and complies with regulatory requirements.

    Proia joins CIT following 10 years at Ally Financial, where she served most recently as Chief Communications Officer. She has served as a board member of Jump$tart Coalition, a national nonprofit organization advancing financial education for young people. She is also a member of the Arthur W. Page Society. In 2010, Proia was recognized on PR Week’s 40 Under 40 List, and in 2015 she received the Aiming High Award from Legal Momentum, the Women’s Legal Defense and Education Fund, which recognizes the accomplishments of women in business. Prior to joining Ally, Proia held various positions at General Motors in the areas of financial communications, marketing communications, and product publicity.

    Robert Rowe

    Robert Rowe

    Executive Vice President and Chief Risk Officer
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    Robert C. Rowe is Executive Vice President and Chief Risk Officer at CIT. He is responsible for independent oversight of the company's Risk Management, including Credit Administration, Enterprise Risk, Compliance and Credit Review. Rob has been with CIT for five years. Previously, he served as CIT's Chief Credit Officer. 

    Prior to joining CIT, Rowe served as chief credit officer of National City Bank after spending 20 years in various roles of increasing responsibility in its Corporate Banking and Credit departments. While at National City, he also served as division head of the Equity Sponsor Group and had transaction approval responsibility for various segments that included Leveraged Finance and Asset-Based Lending. 

    Rowe received a BA degree in Economics from Boston College and an MBA in Finance from Indiana University.

    Steve Solk

    Steve Solk

    President of Consumer Banking, President, California and President, CIT Business Capital
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    Steve Solk is President of Consumer Banking, President, California and President, CIT Business Capital. He is responsible for CIT's Consumer Banking division, Direct Capital, Capital Equipment Finance, Equipment Finance, and Commercial Services businesses. He is also a member of CIT's Executive Management Committee. 

    Previously, Solk was an executive vice president of Commercial Finance at RBS Citizens Bank and a member of Citizens' Executive Leadership Group. In this role, he was responsible for executing growth strategies for four commercial banking specialty businesses, which included Franchise Finance, Business Capital, Asset Finance and Commercial Real Estate. Prior to RBS, Solk served in several executive roles in the financial sector, including more than 20 years at Citibank, where, he managed multiple lending and leasing specialty businesses and attained leading market positions in core target markets. Solk began his career at Bank of America, where he underwrote and managed corporate relationships. 

    Solk earned a BA in Finance from Arizona State University.