President

Nelson J. Chai is President of CIT Group Inc. He is responsible for CIT global infrastructure and operating architecture including its technology platforms. He has oversight of CIT Corporate Finance and Vendor Finance operating segments. He also leads the Company’s strategic planning and business development and has oversight of the insurance and corporate services functions. He previously served as the Company’s Executive Vice President, Chief Administrative Officer and Head of Strategy.

Prior to CIT, Chai served as Executive Vice President and Chief Financial Officer of Merrill Lynch & Co., Inc. Before this, he was Executive Vice President and Chief Financial Officer of NYSE Euronext (NYSE: NYX) and its predecessor company NYSE Group, Inc., and was Chief Financial Officer of Archipelago Holdings. He is a board member of the U.S. Fund for UNICEF and Thermo Fisher Scientific Inc. Chai received a BA degree in Economics from the University of Pennsylvania and an MBA from Harvard University.

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Members of the press who have an interest in speaking with this executive can contact curt.ritter@cit.com .