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CIT Appoints Robert J. Hart Chief Auditor
Wednesday, April 18, 2012 08:30 AM

NEW YORK--(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 Robert (Bob) J. Hart (61) as Executive Vice President, Internal Audit effective immediately. He will report directly to the Audit Committee of the Board of Directors.

Hart will be responsible for conducting a continuous risk assessment of CIT, while executing an audit plan as approved by the Audit Committee. In addition, he will work to improve the efficiency and effectiveness of audit activities throughout the organization and ensure the Company’s compliance with Sarbanes-Oxley and anti-fraud compliance related issues.

Hart joined CIT in July 2011 as Senior Vice President of Internal Audit with responsibility for risk assessment and internal audit of the company’s Treasury, Credit and Market Risk, Compliance, Finance and Human Resources departments. He served in this capacity until December 2011, when he was appointed interim Chief Auditor. Previously, Hart was a Director and Regional Auditor for the Americas at Barclays Capital. Prior to that, he was a Managing Director of Internal Audit for the Americas at Deutsche Bank. He also was an Internal Audit Deputy Director at JP Morgan and a Manager at Ernst & Young.

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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, factoringretail financeaerospaceequipment 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

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