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    CIT Appoints Richard Green President of CIT Europe
    Tuesday, December 13, 2011 07:30 AM
    Richard (Rich) Green was appointed President of CIT Europe. In this new role he will be responsible for overseeing the European operations of CIT Corporate Finance and CIT Vendor Finance. (Photo: Business Wire)
    Rich will serve an important role as we look to capitalize on growth opportunities in Europe. His broad experience in the financial services industry will be instrumental in helping us achieve our goals.

    NEW YORK & DUBLIN & LONDON--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced the appointment of Richard (Rich) Green (45) as President of CIT Europe. In this new role he will be responsible for overseeing the European operations of CIT Corporate Financeand CIT Vendor Finance. He will report directly to CIT Group Inc. President Nelson J. Chai.

    Mr. Chai said, “Rich will serve an important role as we look to capitalize on growth opportunities in Europe. His broad experience in the financial services industry will be instrumental in helping us achieve our goals.”

    Prior to this appointment, Green served as Managing Director of CIT Vendor Finance, Europe. Before joining CIT, he worked for GE most recently as CEO for their European Commercial Distribution Finance business. Prior to that, he was Managing Director of the UK Capital Solutions business, Managing Director for their UK Fleet business, and European COO for the Equipment Finance business.

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    About CIT Corporate Finance

    CIT Corporate Finance provides lending, leasing and other financial and advisory services to the small business and middle market sectors, with a focus on specific industries, including Commercial Real Estate, Communications, Energy, Entertainment, Healthcare, Industrials, Information Services & Technology, Restaurants, Retail, Sports and Gaming. cit.com/corporatefinance

    About CIT Vendor Finance

    CIT Vendor Finance is a global leader in developing business solutions for manufacturers, distributors and product resellers, and financial solutions for their approximately 425,000 small and middle market customers across all industries. It maintains relationships and develops financing programs with leading manufacturing companies that can enable increased sales. Through these programs, it provides equipment financing and value-added services, from invoicing to asset disposition, tailored to their customers’ needs. cit.com/vendorfinance

    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 lendingfactoringretail financeaerospace, equipment and rail leasing, and global vendor financecit.com

     

    Contact:

    CIT MEDIA RELATIONS:
    C. Curtis Ritter, 973-740-5390
    Director of Corporate Communications
    Curt.Ritter@cit.com
    or
    Matt Klein, 973-597-2020
    Vice President, Media Relations
    Matt.Klein@cit.com
    or
    CIT INVESTOR RELATIONS:
    Ken Brause, 212-771-9650
    Executive Vice President
    Ken.Brause@cit.com

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