CIT Appoints Bryan Allen Global Head of Human Resources

"Bryan's past experience will serve CIT well as we work to further align our Human Resources function with our strategic business growth initiatives," said John Thain, Chairman and Chief Executive Officer of CIT. "Our employees are the backbone of CIT and our ability to attract, retain and develop talent are paramount to our success. Bryan's management and leadership skills will be important as we develop and implement best-in-class employee programs."

Mr. Allen will be responsible for overseeing the human resources function, including the development and implementation of the Company's global employee programs, policies and benefits initiatives.

Prior to CIT, Mr. Allen served as Chief Human Resources Officer for Hanover Insurance Group. Before Hanover, he was Managing Director, Head of Human Resources at U.S. Trust. Prior to joining U.S. Trust, Mr. Allen held a number of business management positions at Morgan Stanley, most recently serving as Global Chief of Staff for Human Resources.

Individuals interested in receiving corporate news releases can register at cit.com/newsalerts or subscribe to the RSS feed at cit.com/rssfeed.

About CIT

Founded in 1908, CIT (NYSE:CIT) is a bank holding company with more than $34 billion in financing and leasing assets. A member of the Fortune 500, it provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. CIT also operates CIT Bank (Member FDIC), BankOnCIT.com, its primary bank subsidiary, which offers a suite of online savings options designed to help customers achieve a range of financial goals. cit.com

SOURCE: CIT Group Inc.