NEW YORK, Aug. 20, 2019 — CIT Group Inc. (NYSE: CIT) today announced that Philip Robbins has joined the company as the president of Asset Management and Capital Markets. In this role, he will manage the capital markets portfolio of products, the syndicated loan group and CIT’s asset management activities. He will also serve on the company’s Executive Management Committee.
“We aim to deliver a solutions-based approach to our clients. Capital markets and asset management capabilities are a key part of that solution set, creating value for clients and building long-term relationships for CIT,” said CIT Bank, N.A. President and Head of Commercial Banking Robert Rubino. “Phil is an experienced investment manager and capital markets and commercial banking professional. He will accelerate CIT’s build-out of asset management platforms and capital markets capabilities to better serve our clients’ needs.”
Robbins joins CIT from Citizens Financial Group where he was managing director and head of Citizens’ Asset Management division and Leveraged Finance. Prior to that role, he was the portfolio manager and head of Bank Loans for MFS Investment Management, Inc. He served as a director and investment analyst for ING Capital Advisors, Inc. and was a founding principal of Cypress Tree Investment Management Company, Inc. He started his career at Eaton Vance Corp. as an investment associate.
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 June 30, 2019, 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.