WOMEN CEO REPORT

- CIT Group

Ellen R. Alemany

CIT Group

Ellen R. Alemany is chairwoman and CEO of CIT Group and chairwoman, CEO, and president of CIT Bank, N.A., the company’s bank subsidiary. Though she became CEO while the company was in flux, she returned on her promise to achieve a 10% return on tangible common equity in three years. In 2019, she led CIT Group in its $1 billion deal to acquire Mutual of Omaha Bank. That year, CIT Group was reported to have posted a return on tangible common equity of between 9.67% and 10.34%. Her strategic vision continues to shape CIT Group for the better. Prior to joining CIT Ellen led the Royal Bank of Scotland Americas. She was named one of the 25 Most Powerful Women in Banking-by-Banking magazine and one of the 50 Most Powerful Women by Crain’s New York Business. She holds an MBA and Doctorate of Humane Letters from Fordham University and an Honorary Doctorate from Bryant University.

Year appointed: 2016