Supports focus on simplification efforts and enhancing digital experience
NEW YORK, Oct. 29, 2018 – CIT Group Inc. (NYSE: CIT) today announced that Alla Whitston has joined the company, effective today, as the chief technology officer reporting to Denise Menelly, executive vice president and head of technology and operations. In this role, Whitston will lead the technology planning and development for enterprise functions and all lines of business, including our award-winning business point-of-sale platform and our proprietary digital applications.
“Alla brings deep technology expertise in banking and financial services, and we are pleased to welcome her to the CIT team as we continue to digitize our operations and invest in our business platforms to drive a leading customer experience,” said Menelly.
Whitston joins CIT from Bank of America where she was most recently the managing director and chief technology officer for enterprise functions. Previously, she also led end-user technology services and wholesale banking technology infrastructure. Prior to joining Bank of America, Whitston served as the managing director in the Investment Banking division at JP Morgan and was responsible for application and infrastructure management. She also held key technology positions at Bear Stearns, Goldman Sachs and Bankers Trust.
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Sept. 30, 2018. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.