CIT Appoints Israel Kaufman Treasurer


CIT Appoints Israel Kaufman Treasurer

NEW YORK--(BUSINESS WIRE)-- CIT Group Inc. (NYS: CIT), a leading provider of financing and advisory services to small businesses and middle market companies, today announced the appointment of Israel "Izzy" Kaufman as Executive Vice President, Treasurer effective immediately. He will report directly to Chief Financial Officer Scott T. Parker.

Mr. Parker said, "Izzy's broad corporate experience across the financial sector will benefit CIT as we continue to focus on prudently growing our business and meeting our profitability targets. He will serve as a key member of our finance leadership team and I look forward to working with him."

Kaufman will be responsible for all functional areas of CIT's treasury group, including funding, asset/liability management, hedging, international treasury, cash management, capital management and rating agency relations.

Prior to CIT, Kaufman served as Global Treasurer of Geller & Company. Before this he held a number of senior positions at The Goldman Sachs Group, Inc. including: Treasurer, Goldman Sachs Bank USA; Chief Financial Officer, Global Banking Group, and Vice President, Firmwide Strategy. Prior to Goldman Sachs, he served as Assistant Treasurer of Marsh & McLennan, Inc. and was U.S. Treasurer at Lehman Brothers. Prior to this he spent more than 10 years at Goldman Sachs in its Treasury and Investment Banking areas.


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About CIT

Founded in 1908, CIT (NYS: CIT) is a bank holding company with more than $35billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its 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 vendor finance. CIT operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank, offers a suite of savings options designed to help customers achieve a range of financial goals.

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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