New York (Dec. 4, 2018) — CIT Group Inc. (NYSE: CIT) today announced that Robert Rubino has been named president of CIT Bank, N.A., the banking subsidiary of CIT, and head of Commercial Banking, effective Feb. 25. Rubino will join the company’s Executive Management Committee and report to Chairwoman and CEO Ellen R. Alemany.
“Bob is a proven leader with nearly 30 years of banking expertise,” said Alemany. “His strategic and results-driven approach will support our efforts to further strengthen our business, as well as grow and drive synergies across the commercial divisions.”
Alemany continued, “CIT has made tremendous progress in transforming the company, refocusing on our core strengths and delivering for our customers. Bob’s experience will further complement these efforts as we advance our strategic plan and build on our leading market positions.”
Rubino will have responsibility for the oversight and growth of the commercial banking divisions, including commercial financing, real estate financing, equipment financing, commercial services and railcar financing.
Rubino joins CIT from Santander where he was the co-president of Santander Bank, N.A., and head of Commercial Banking. In that role, he transformed the business into a national commercial banking enterprise producing top performing commercial and industrial growth rates. He developed and executed a new commercial strategy that included launching specialty businesses, opening new offices, and bringing new products and capabilities to market, while enhancing business processes and controls and strengthening client satisfaction. Prior to that, he served as the executive vice president of Commercial Banking at Citizens Financial Group. During his 10 years with the company, he led Corporate Finance & Capital Markets and was instrumental in building the commercial bank. Prior to Citizens, Rubino served in a variety of executive roles at Bank of America, including within the Business Capital division.
He earned a master’s degree in economics from the London School of Economics and a bachelor’s degree in economics from Providence College.
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About CIT
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of Sept. 30, 2018, and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company’s commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing. CIT’s consumer banking segment includes its national online bank, CIT Bank, and a Southern California branch bank, OneWest Bank.
