Fred Springer

Executive Vice President, Chief Ethics and Compliance Officer

Fred Springer is Executive Vice President and Chief Ethics and Compliance Officer for CIT. He is responsible for enterprise-wide compliance risk management, CIT’s global compliance program and, working across businesses and disciplines to build a strong compliant CIT.

Areas of expertise include:

  • Compliance risk management programs

  • Corporate governance and compliance

  • Enterprise-wide compliance risk assessments

  • Financial institution ethics standards and codes of conduct

  • Prior to joining CIT, Fred was Head of Compliance and Regulatory Relations at Lloyds Banking Group in North America where he instituted comprehensive compliance controls. He developed an expertise in compliance and risk management practices during his tenure as a Managing Director of Compliance and Regulatory Relations for the Americas at ABN AMRO Bank NV and the Royal Bank of Scotland. He built a compliance team and compliance risk management discipline at the firms to remediate AML and Sanctions compliance deficiencies.

    Prior to Fred’s service at Lloyds and ABN AMRO/RBS, he worked at Citigroup for 22 years in various legal and compliance roles of increasing responsibility, culminating in his role as Deputy Director of International Compliance and Associate General Counsel. Fred has a B.S. from Boston University, an MBA from New York University and holds a JD from the Benjamin N. Cardozo School of Law.


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