CIT Names Khanh T. Tran To Board Of Directors

NEW YORK, July 18, 2017 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that Khanh T. Tran was appointed to the CIT Board of Directors, effective July 27, 2017. He will also serve on the board of the bank subsidiary CIT Bank, N.A. and on the Nominating and Governance Committee of the CIT Board. 

"Khanh brings extensive leadership experience and a significant tenure serving in senior financial positions," said CIT Chairwoman and Chief Executive Officer Ellen R. Alemany. "His background will be a natural complement to the CIT Board as the company continues to deliver on its strategic plan."

About Khanh T. TranKhanh served as an executive at Pacific Life Insurance Company for 25 years and in 2016 became the CEO of Aviation Capital Group, a full-service aircraft leasing and asset management company that is a wholly-owned subsidiary of Pacific Life.  Prior to this role at ACG, he served as president, chief investment officer, chief financial officer and treasurer of Pacific Life.

Before joining Pacific Life in 1990, Khanh held financial positions at The Vons Companies, Inc., a supermarket retailer in Southern California, and The Flying Tiger Line, Inc., then the world's largest global airfreight company that was acquired by Federal Express in 1988. He started his career at United California Bank in 1980.

Khanh is based in Southern California and received his Master of Business Administration in Finance and Marketing from the University of California and Bachelor of Arts in Economics and Political Science from Whittier College.

About CIT Founded in 1908, CIT (NYSE: CIT) is a financial holding company with $63 billion in assets as of March 31, 2017. 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.

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SOURCE CIT Group Inc.