CIT Appoints Stuart Alderoty as Executive Vice President, General Counsel and Corporate Secretary
September 13 2016 - 8:30AM
Business Wire
He Brings Deep Banking and Regulatory
Experience to CIT
CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of
commercial lending and leasing services, today announced the
appointment of Stuart Alderoty, 57, as Executive Vice President,
General Counsel and Corporate Secretary. Mr. Alderoty will join CIT
from HSBC North America Holdings, Inc. where he served as General
Counsel since November of 2010. Mr. Alderoty will begin at CIT once
he completes his garden leave from HSBC. He will serve on CIT’s
Executive Management Committee and report directly to Chief
Executive Officer Ellen R. Alemany.
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CIT Appoints Stuart Alderoty as Executive
Vice President, General Counsel and Corporate Secretary (Photo:
Business Wire)
“We are excited to have a lawyer of Stuart’s caliber join CIT as
General Counsel and Corporate Secretary,” said Ms. Alemany. “Not
only is Stuart a trusted counselor with vast experience in managing
complex legal matters, he also brings a wealth of banking and
regulatory expertise to support CIT’s strategic growth in the years
to come.”
Mr. Alderoty commented, “CIT is a company with a rich history of
providing financing solutions to the middle market. I’m excited to
join the team and contribute my skills as the company continues to
expand its banking platform and grows into a leading national
middle market bank.”
Before joining HSBC, Mr. 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. Mr.
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. In
addition, Mr. Alderoty is on the advisory committee of the
Corporate Law Center at Rutgers University Law School.
Mr. Alderoty will succeed Robert Ingato, who will continue as a
strategic advisor until year-end.
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About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company
with more than $65 billion in assets. Its principal bank
subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender),
has more than $30 billion of deposits and more than $40 billion of
assets. It provides financing, leasing and advisory services
principally to middle-market companies across a wide variety of
industries primarily in North America, and equipment financing
and leasing solutions to the transportation sector. It also offers
products and services to consumers through its Internet bank
franchise and a network of retail branches in Southern California,
operating as OneWest Bank, a division of CIT Bank, N.A. cit.com
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CIT MEDIA RELATIONS:Matt Klein, 973-597-2020Director,
Media RelationsMatt.Klein@cit.comorCIT INVESTOR
RELATIONS:Barbara Callahan, 973-740-5058Senior Vice
PresidentBarbara.Callahan@cit.com
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