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    CIT Appoints Barbara A. Callahan Head of Investor Relations
    Ken Brause Named Chief Financial Officer of North American Commercial Finance
    Thursday, December 12, 2013 08:35 AM
    Her background and experience position her well to lead the Investor Relations function.

    NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of financing and advisory services to small businesses and middle market companies, today announced the appointment of Barbara A. Callahan as Senior Vice President and Head of Investor Relations. She replaces Ken Brause, who has been appointed Chief Financial Officer of the North American Commercial Finance segment. These changes are effective as of January 1, 2014.

    “Barbara has been an important member of our Finance team for many years with experience in accounting, corporate finance, liquidity management, capital management and, most recently, investor relations,” said Scott T. Parker, Chief Financial Officer of CIT Group Inc. “Her background and experience position her well to lead the Investor Relations function.”

    Callahan joined the investor relations team in April 2012 from CIT’s Treasury department where as Assistant Treasurer she most recently ran the capital management function and was responsible for the development and ongoing management of CIT’s economic capital framework, capital planning and rating agency relationships. She also previously had responsibility for managing CIT’s market and liquidity risks, as well as for its global secured and unsecured funding programs, derivative execution, investments and bank relationships.

    Callahan joined CIT in November of 1999, in connection with CIT’s acquisition of Newcourt Credit Group, Inc. Prior to the acquisition, she held various positions in Treasury and Accounting within Newcourt Credit Group and AT&T Capital Corporation, which was acquired by Newcourt in 1998. Prior to joining AT&T Capital, she was a senior auditor at Deloitte & Touche.

    Callahan is a Certified Public Accountant (inactive) in New Jersey and holds a B.S. in accounting from Seton Hall University and a M.B.A. in corporate finance from Fairleigh Dickinson University.


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    About CIT

    Founded in 1908, CIT (NYSE:CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lendingfactoringretail financeaerospaceequipmentand rail leasing, and vendor finance. CIT operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its Internet bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com



    C. Curtis Ritter, 973-740-5390
    Director of Corporate Communications
    Matt Klein, 973-597-2020
    Vice President, Media Relations
    Ken Brause, 212-771-9650
    Executive Vice President

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