Ellen Alemany Explained

Ellen Alemany
Occupation:Vice Chairwoman of First Citizens BancShares
Birth Name:Ellen Rose Alemany
Birth Place:New York, New York, U.S.
Nationality:American
Alma Mater:Academy of Mt. Saint Ursula
University of Bridgeport
Fordham University
Spouse:Joaquin Alemany
Children:3, including Jacqueline Alemany

Ellen Rose Alemany is an American business executive. She is the Vice Chairwoman of First Citizens BancShares. She was formerly the chairwoman of CIT Group.

In 2020 she was included in a list of "most powerful women in banking" published by American Banker.[1]

Early life and education

Alemany was raised in the Bronx, New York, the daughter of Italian immigrants who operated a liquor store.[2] She graduated with a B.A. in English literature from the University of Bridgeport.[2] After school she took a job in the legal department at IBM and then at Chase Manhattan where she worked in process engineering while attending graduate school in the evenings.[2]

She received an MBA from Fordham University with a specialization in finance in 1980.[3] She completed the Credit Training Program at Chase Manhattan Bank in 1981.[4] She has honorary doctorates from Bryant University and Fordham University.[5] [6]

Career

From 1977 to 1987, Alemany worked at Chase Bank.[7] In 1987, Alemany joined Citibank and held various positions including CEO for Global Transaction Services,[8] executive vice president for the Commercial Business Group, which includes CitiCapital,[9] the Commercial Markets Group and the Commercial Real Estate Group.[10] Alemany joined RBS Americas as chairman and CEO in 2007.[11] In 2008, Alemany was named CEO of RBS Citizens Financial Group, and was appointed chairman and CEO in 2009.[12] She was also a member of the Royal Bank of Scotland Group's executive committee, RBS's nine-member executive leadership team.[13] [14] She also served as CitiCapital president and CEO.[15] In October 2013, she retired as chairman and CEO of RBS Citizens Financial Group and RBS Americas.[16]

She came out of early retirement to become the CEO of CIT Group in April 2016 and became chairwoman in May 2016.[17] Her strategy there was to concentrate on the core activities of the company, and dispose of unprofitable subsidiaries. An increase in the number of female executives in the company has been attributed to her.[18]

In 2020 First Citizens BancShares agreed to buy CIT for $2.2 billion, and offered Alemany a position as vice-chair, with a salary of $1 million and guaranteed bonus of almost $6.9 million per year, conditional on her remaining with the company for two years.[19] [20]

Other positions

Alemany was the First District representative on the Federal Advisory Council from 2008 to 2010.[21]

She has been on the board of the Center for Discovery since 2008,[22] of Automatic Data Processing since 2012,[23] of Fidelity National Information Services since 2014,[24] of Operation HOPE since 2015[25] [26] and of Dun & Bradstreet since 2021.[27] From 2002 to 2010 she was on the board of the New York division of March of Dimes.[3]

She is on the board of Catholic Charities of the Archdiocese of New York[28] and the advisory board of the Mayor's Fund to Advance New York City, and is a trustee of The Conference Board.[29]

Personal life

She is married to Joaquin "Jack" Alemany; they have three children, including Jackie Alemany.[30]

Awards and honors

Notes and References

  1. Web site: Kline . Allissa . Most Powerful Women in Banking: Ellen Alemany, CIT Group . . September 29, 2020.
  2. News: Kristin . Broughton . How Ellen Alemany is reinventing CIT . . September 26, 2017 .
  3. Web site: Citigroup appoints Ellen Alemany CEO of global transaction services. 23 January 2006 . Finextra. August 28, 2015.
  4. News: Most Powerful Women in New York 2007 . Crain's New York . September 16, 2007.
  5. Web site: Citizens Financial executive honored by magazine . The Day . 9 October 2011.
  6. Web site: Past Honorary Degree Recipients . Fordham . 9 November 2021.
  7. Web site: Ellen Alemany capitalizes on 'around the corner, around the globe'. 2010-03-01. Boston Herald. en-US. 2019-08-15.
  8. Web site: 2006-01-23. Citigroup appoints Ellen Alemany CEO of global transaction services. Finextra Research. en.
  9. Web site: Ellen R. Alemany Los Angeles Business Journal. labusinessjournal.com. 30 July 2018 .
  10. Web site: Fireside Chat with Ellen Alemany, Chair and CEO of CIT Group. Fordham Newsroom. 20 May 2023 . en-US.
  11. Web site: RBS Drafts Big Hitter From Citigroup. 2021-09-19. Forbes. en.
  12. Web site: 2009-10-01.
    1. 17 Ellen Alemany
    . American Banker. en.
  13. Web site: Ellen Alemany elected to National Constitution Center Board of Trustees. 2021-09-19. www.rbs.com. en. 2021-10-05. https://web.archive.org/web/20211005125139/https://www.rbs.com/rbs/news/2011/february/ellen-alemany-elected-to-national-constitution-center-board-of-t.html. dead.
  14. Web site: 2011. RBS Group. live. https://web.archive.org/web/20220126184630/https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/annual-reports/annual-review-2011.pdf . 2022-01-26 .
  15. Web site: LEADERS Interview with Ellen R. Alemany, Chairwoman and Chief Executive Officer, CIT Group. www.leadersmag.com.
  16. Web site: RBS Citizens Financial Group Announces CEO Succession Plan. Citizens Bank. August 28, 2015.
  17. Web site: Most Powerful Women in Banking: No. 2, CIT Group's Ellen Alemany. Wack. Kevin. 2019-09-23. American Banker. en. live. https://web.archive.org/web/20200718074427/https://www.americanbanker.com/news/most-powerful-women-in-banking-2019-no-2-cit-groups-ellen-alemany . 2020-07-18 . 2020-03-18.
  18. Web site: Most Powerful Women in Banking: No. 3, CIT Group's Ellen Alemany. Broughton. Kristin. American Banker. 24 September 2018 . 17 March 2019.
  19. News: Regional lender First Citizens to buy CIT in $2.2 billion deal . Reuters . 16 October 2020 . 9 November 2021.
  20. Web site: Davis . Paul . CIT chief Ellen Alemany set to receive large bonus from First Citizens merger . American Banker . 20 October 2020 . 9 November 2021.
  21. Web site: The Federal Reserve Board 95th Annual Report. The Federal Reserve Board. August 28, 2015.
  22. Web site: Center for Discovery-Board of Directors. The Center for Discovery. 28 August 2015.
  23. Web site: Board of Directors/ Automatic Data Processing . Automatic Data Processing. August 28, 2015. https://web.archive.org/web/20150911215325/http://investors.adp.com/directors.cfm. September 11, 2015. dead.
  24. Web site: Ellen Alemany Joins FIS Board of Directors. FIS. August 28, 2015.
  25. Web site: Operation HOPE Global Board .
  26. Web site: Launch & Grow .
  27. Web site: DNB Board . investor.dnb.com/ . 12 November 2021.
  28. Web site: Board of Trustees . Catholic Charities of the Archdiocese of New York . 5 November 2021.
  29. Web site: CIT Group . Ellen Alemany bio . Executive Management Bio . CIT Group . 17 March 2019.
  30. Web site: Kristin . Broughton . How Ellen Alemany is reinventing CIT . American Banker. September 26, 2017 .
  31. Web site: 100 Most Influential People in Finance. Treasury & Risk. August 28, 2015.
  32. Web site: The World's 100 Most Powerful Women. Forbes. August 28, 2015.
  33. Web site: Foreign Policy Association 2011 Annual Dinner. Foreign Policy Association. August 28, 2015.
  34. Web site: Induction Ceremony 2010. Connecticut Women's Hall of Fame. August 28, 2015. January 20, 2017. https://web.archive.org/web/20170120020113/http://cwhf.org/induction-ceremony/2010#.VddJaU1RHcs. dead.
  35. Web site: The Most Powerful Women in Banking. Source Media. August 28, 2015. November 7, 2016. https://web.archive.org/web/20161107075630/http://www.americanbanker.com/women-in-banking/video/ellen-alemany-weve-gone-from-a-lack-of-data-to-big-data-1062797-1.html. dead.
  36. Web site: 2017-09-25. Most Powerful Women in Banking: No. 3, CIT Group's Ellen Alemany. live. American Banker. en. https://web.archive.org/web/20170925043124/https://www.americanbanker.com/news/most-powerful-women-in-banking-2017-no-3-ellen-alemany . 2017-09-25 .
  37. Web site: Peters . Andy . Mooney, Alemany to receive Conference Board leadership awards . American Banker . 26 September 2018 . 17 March 2019.
  38. Web site: 2019-03-11. Notable Women of Banking & Finance - Ellen Alemany. live. Crain's New York Business. en. https://web.archive.org/web/20210116231957/https://www.crainsnewyork.com/awards/notable-women-banking-2019-ellen-alemany . 2021-01-16 .
  39. Web site: RTSWS. 2019-04-30. RTSWS Founder Delivers Impassioned Speech To Women's Bond Club, Larry Fink, Other Financial Executives. live. Rock The Street, Wall Street. en-US. https://web.archive.org/web/20200423095823/https://rockthestreetwallstreet.com/rtsws-founder-delivers-impassioned-speech-to-womens-bond-club-larry-fink-other-financial-executives/ . 2020-04-23 .
  40. Web site: 2019-05-07. The Center For Discovery. live. The Center For Discovery. en-US. https://web.archive.org/web/20011103111458/http://www.thecenterfordiscovery.org:80/ . 2001-11-03 .
  41. Web site: 2019-09-23. Most Powerful Women in Banking: No. 2, CIT Group's Ellen Alemany. live. American Banker. en. https://web.archive.org/web/20200718074427/https://www.americanbanker.com/news/most-powerful-women-in-banking-2019-no-2-cit-groups-ellen-alemany . 2020-07-18 .
  42. Web site: 2021-02-18. Notable Women on Wall Street 2021. 2021-08-08. Crain's New York Business. en.

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