NEW YORK, Dec. 4, 2018 /PRNewswire/ -- CIT Group Inc.
(NYSE: CIT) today announced that Robert
Rubino has been named president of CIT Bank, N.A., the
banking subsidiary of CIT, and head of Commercial Banking,
effective Feb. 25. Rubino will join
the company's Executive Management Committee and report to
Chairwoman and Chief Executive Officer Ellen R. Alemany.
"Bob is a proven leader with nearly 30 years of banking
expertise," said Alemany. "His strategic and results-driven
approach will support our efforts to further strengthen our
business, as well as grow and drive synergies across the commercial
divisions."
Alemany continued, "CIT has made tremendous progress in
transforming the company, refocusing on our core strengths and
delivering for our customers. Bob's experience will further
complement these efforts as we advance our strategic plan and build
on our leading market positions."
Rubino will have responsibility for the oversight and growth of
the commercial banking divisions, including commercial financing,
real estate financing, equipment financing, commercial services and
railcar financing.
About Robert
Rubino
Rubino joins CIT from Santander where he was
the co-president of Santander Bank,
N.A., and head of Commercial Banking. In that role, he transformed
the business into a national commercial banking enterprise
producing top performing commercial and industrial growth rates. He
developed and executed a new commercial strategy that included
launching specialty businesses, opening new offices, and bringing
new products and capabilities to market, while enhancing business
processes and controls and strengthening client satisfaction. Prior
to that, he served as the executive vice president of Commercial
Banking at Citizens Financial Group. During his 10 years with the
company, he led Corporate Finance & Capital Markets and was
instrumental in building the commercial bank. Prior to
Citizens, Rubino served in a variety of executive roles at Bank of
America, including within the Business Capital division.
He earned a master's degree in economics from the London School of Economics and a bachelor's degree
in economics from Providence College.
About CIT
CIT is a leading national bank focused on
empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a
financial holding company with over a century of experience,
approximately $50 billion in assets as of Sept. 30,
2018, and operates a principal bank subsidiary, CIT Bank, N.A.
(Member FDIC, Equal Housing Lender). The company's commercial
banking segment includes commercial financing, real estate
financing, equipment financing, factoring and railcar financing.
CIT's consumer banking segment includes its national online
bank, CIT Bank, and a Southern
California branch bank, OneWest Bank. Discover
more at cit.com/about.
Contact:
Gina Proia
212-771-6008
gina.proia@cit.com
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SOURCE CIT Group Inc.