imported>Davidgoodheart: /* Career */

2025-06-26T16:27:53Z

Career

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{{short description|American business executive|bot=PearBOT 5}}
{{Infobox person
| name = Ellen Alemany
| image = [[File:Ellen Alemany.jpg|Ellen Alemany|220px]]
| occupation = Vice Chairwoman of [[First Citizens BancShares]]
| birth_name = Ellen Rose Alemany
| birth_date =
| birth_place = [[New York, New York]], U.S.
| death_date =
| death_place =
| nationality = American
| alma_mater = Academy of Mt. Saint Ursula<br>[[University of Bridgeport]]<br>[[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]]''.<ref name=ab>{{cite web |last1=Kline |first1=Allissa |title=Most Powerful Women in Banking: Ellen Alemany, CIT Group |url=https://www.americanbanker.com/news/most-powerful-women-in-banking-for-2020-ellen-alemany-cit-group |work=[[American Banker]] | date=September 29, 2020}}</ref>

==Early life and education==
Alemany was raised in the [[Bronx, New York]], the daughter of [[Italian Americans|Italian]] immigrants who operated a liquor store.<ref name=Broughton>{{Cite news |first=Kristin |last=Broughton |title= How Ellen Alemany is reinventing CIT | work=[[American Banker]] |url=https://www.americanbanker.com/news/how-ellen-alemany-is-reinventing-cit |date=September 26, 2017 }}</ref> She graduated with a B.A. in English literature from the [[University of Bridgeport]].<ref name=Broughton/> After school she took a job in the legal department at [[IBM]] and then at [[Chase (bank)|Chase Manhattan]] where she worked in process engineering while attending graduate school in the evenings.<ref name=Broughton/>

She received an [[master's in business administration|MBA]] from [[Fordham University]] with a specialization in finance in 1980.<ref name=Finextra>{{cite web|title=Citigroup appoints Ellen Alemany CEO of global transaction services| date=23 January 2006 |url=http://www.finextra.com/news/announcement.aspx?pressreleaseid=7682|publisher=Finextra|access-date=August 28, 2015}}</ref> She completed the Credit Training Program at [[Chase Manhattan Bank]] in 1981.<ref name="Crain's">{{cite news |title=Most Powerful Women in New York 2007 |url=http://www.crainsnewyork.com/gallery/20070916/FEATURES/309169999 |newspaper=Crain's New York |date=September 16, 2007}}</ref> She has [[honorary doctorate]]s from [[Bryant University]] and [[Fordham University]].<ref>{{Cite web |url=https://www.theday.com/article/20111009/BIZ02/310099823|title=Citizens Financial executive honored by magazine |website=The Day |date=9 October 2011}}</ref><ref>{{cite web |title=Past Honorary Degree Recipients |url=https://www.fordham.edu/info/26213/past_honorary_degree_recipients |website=Fordham |access-date=9 November 2021}}</ref>

==Career==
From 1977 to 1987, Alemany worked at Chase Bank.<ref>{{Cite web|url=https://www.bostonherald.com/2010/03/01/ellen-alemany-capitalizes-on-around-the-corner-around-the-globe/|title=Ellen Alemany capitalizes on 'around the corner, around the globe'|date=2010-03-01|website=Boston Herald|language=en-US|access-date=2019-08-15}}</ref> In 1987, Alemany joined Citibank and held various positions including CEO for Global Transaction Services,<ref>{{Cite web|date=2006-01-23|title=Citigroup appoints Ellen Alemany CEO of global transaction services|url=https://www.finextra.com/pressarticle/7682/citigroup-appoints-ellen-alemany-ceo-of-global-transaction-services|website=Finextra Research|language=en}}</ref> executive vice president for the Commercial Business Group, which includes CitiCapital,<ref>{{Cite web|title=Ellen R. Alemany {{!}} Los Angeles Business Journal|url=https://labusinessjournal.com/news/2018/jul/30/ellen-alemany/|website=labusinessjournal.com|date=30 July 2018 }}</ref> the Commercial Markets Group and the Commercial Real Estate Group.<ref name=":0">{{Cite web|title=Fireside Chat with Ellen Alemany, Chair and CEO of CIT Group|url=https://news.fordham.edu/event/fireside-chat-with-ellen-alemany-chair-and-ceo-of-cit-group/|website=Fordham Newsroom|date=20 May 2023 |language=en-US}}</ref> Alemany joined RBS Americas as chairman and CEO in 2007.<ref>{{Cite web|title=RBS Drafts Big Hitter From Citigroup|url=https://www.forbes.com/2007/03/25/alemany-rbs-faces-markets-equity-cx_cn_0323autofacescan01.html|access-date=2021-09-19|website=Forbes|language=en}}</ref> In 2008, Alemany was named CEO of RBS [[Citizens Financial Group]], and was appointed chairman and CEO in 2009.<ref>{{Cite web|date=2009-10-01|title=#17 Ellen Alemany|url=https://www.americanbanker.com/news/17-ellen-alemany|website=American Banker|language=en}}</ref> She was also a member of the Royal Bank of Scotland Group's executive committee, RBS's nine-member executive leadership team.<ref>{{Cite web|title=Ellen Alemany elected to National Constitution Center Board of Trustees|url=https://www.rbs.com/rbs/news/2011/february/ellen-alemany-elected-to-national-constitution-center-board-of-t.html|access-date=2021-09-19|website=www.rbs.com|language=en|archive-date=2021-10-05|archive-url=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|url-status=dead}}</ref><ref>{{Cite web|date=2011|title=RBS Group|url=https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/annual-reports/annual-review-2011.pdf|url-status=live|archive-url=https://web.archive.org/web/20220126184630/https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/annual-reports/annual-review-2011.pdf |archive-date=2022-01-26 }}</ref> She also served as CitiCapital president and CEO.<ref name=":0" /><ref>{{Cite web|title=LEADERS Interview with Ellen R. Alemany, Chairwoman and Chief Executive Officer, CIT Group|url=http://www.leadersmag.com/issues/2020.4_Oct/New_York_Resilience/LEADERS-Ellen-Alemany-CIT-Group.html|website=www.leadersmag.com}}</ref> In October 2013, she retired as chairman and CEO of RBS Citizens Financial Group and RBS Americas.<ref name="RBS Citizens Financial Group Announces CEO Succession Plan">{{cite web|title=RBS Citizens Financial Group Announces CEO Succession Plan|url=https://www.citizensbank.com/about-us/news/shared/2013/5_10_13_succession_plan.aspx|publisher=Citizens Bank|access-date=August 28, 2015}}</ref>

She came out of early retirement to become the CEO of [[CIT Group]] in April 2016 and became chairwoman in May 2016.<ref>{{Cite web|url=https://www.americanbanker.com/news/most-powerful-women-in-banking-2019-no-2-cit-groups-ellen-alemany|title=Most Powerful Women in Banking: No. 2, CIT Group's Ellen Alemany|last=Wack|first=Kevin|date=2019-09-23|website=American Banker|language=en|url-status=live|archive-url=https://web.archive.org/web/20200718074427/https://www.americanbanker.com/news/most-powerful-women-in-banking-2019-no-2-cit-groups-ellen-alemany |archive-date=2020-07-18 |access-date=2020-03-18}}</ref> Her strategy there was to concentrate on the core activities of the company, and dispose of unprofitable subsidiaries.{{r|ab2}} An increase in the number of female executives in the company has been attributed to her.<ref name=ab3>{{cite web|title=Most Powerful Women in Banking: No. 3, CIT Group's Ellen Alemany|url=https://www.americanbanker.com/news/most-powerful-women-in-banking-2018-no-3-cit-groups-ellen-alemany|last1=Broughton|first1=Kristin|website=American Banker|date=24 September 2018 |access-date=17 March 2019}}</ref>

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.<ref>{{cite news |title=Regional lender First Citizens to buy CIT in $2.2 billion deal |url=https://www.reuters.com/article/us-cit-group-m-a-1st-citizen-banc-idUSKBN2712U1 |website=Reuters |date=16 October 2020 |access-date=9 November 2021}}</ref><ref>{{cite web |last1=Davis |first1=Paul |title=CIT chief Ellen Alemany set to receive large bonus from First Citizens merger |url=https://www.americanbanker.com/news/cit-chief-ellen-alemany-set-to-receive-large-bonus-from-first-citizens-merger |website=American Banker |date=20 October 2020 |access-date=9 November 2021}}</ref>

She has been on the board of the Center for Discovery since 2008,<ref>{{cite web |title=Center for Discovery-Board of Directors |url=http://www.thecenterfordiscovery.org/who_we_are/board-of-directors/ |access-date=28 August 2015 |publisher=The Center for Discovery}}</ref> of [[Automatic Data Processing]] since 2012,<ref>{{cite web |title=Board of Directors/ Automatic Data Processing |url=http://investors.adp.com/directors.cfm |url-status=dead |archive-url=https://web.archive.org/web/20150911215325/http://investors.adp.com/directors.cfm |archive-date=September 11, 2015 |access-date=August 28, 2015 |publisher=Automatic Data Processing}}</ref> of [[Fidelity National Information Services]] since 2014,<ref>{{cite web |title=Ellen Alemany Joins FIS Board of Directors |url=http://www.fisglobal.com/C027963 |access-date=August 28, 2015 |publisher=FIS}}</ref> of [[Operation HOPE]] since 2015<ref>{{cite web |title=Operation HOPE Global Board |url=http://operationhope.org/about-us/#boardofdirectors}}</ref><ref>{{cite web |title=Launch & Grow |url=https://www.cit.com/business/learn/business-education/launch-and-grow/}}</ref> and of [[Dun & Bradstreet]] since 2021.<ref>{{cite web |title=DNB Board |url=https://investor.dnb.com/governance/board-of-directors/default.aspx |access-date=12 November 2021 |website=investor.dnb.com/}}</ref> From 2002 to 2010 she was on the board of the New York division of [[March of Dimes]].

She is on the board of [[Catholic Charities of the Archdiocese of New York]]<ref>{{cite web |title=Board of Trustees |url=https://catholiccharitiesny.org/about-us/board-trustees |access-date=5 November 2021 |website=Catholic Charities of the Archdiocese of New York}}</ref> and the advisory board of the [[Mayor's Fund to Advance New York City]], and is a trustee of [[The Conference Board]].<ref>{{cite web |last1=CIT Group |title=Ellen Alemany bio |url=https://www.cit.com/about/us/our-leadership/ellen-alemany/ |access-date=17 March 2019 |website=Executive Management Bio |publisher=CIT Group}}</ref>

==Personal life==
She is married to Joaquin "Jack" Alemany; they have three children, including [[Jacqueline Alemany|Jackie Alemany]].<ref name=ab2>{{Cite web|first=Kristin |last=Broughton |authorlink= |title= How Ellen Alemany is reinventing CIT |publisher=[[American Banker]]|date=September 26, 2017 |url=https://www.americanbanker.com/news/how-ellen-alemany-is-reinventing-cit }}</ref>

==Awards and honors==
*2007 - Alemany named to Treasury and Risk's list of the 100 Most Influential People in Finance (Bankers Redefining Their Role and Watching Their Backs).<ref>{{cite web|title=100 Most Influential People in Finance|url=http://www.treasuryandrisk.com/2007/06/01/100-most-influential-people-in-finance|publisher=Treasury & Risk|access-date=August 28, 2015}}</ref>
*2009 - Alemany named to ''[[Forbes]]'' Magazine "One of the World's Most Powerful Women" list.<ref>{{cite web|title=The World's 100 Most Powerful Women|url=https://www.forbes.com/profile/ellen-alemany|work=Forbes|access-date=August 28, 2015}}</ref>
*2011 - Recipient of the [[Foreign Policy Association]] Corporate Social Responsibility Award.<ref>{{cite web|title=Foreign Policy Association 2011 Annual Dinner|url=http://www.fpa.org/events/index.cfm?act=show_event&event_id=121|publisher=Foreign Policy Association|access-date=August 28, 2015}}</ref>
*2012 - Connecticut Women's Hall of Fame 2010 Honoree.<ref>{{cite web|title=Induction Ceremony 2010|url=http://www.cwhf.org/induction-ceremony/2010#.VddJaU1RHcs|publisher=Connecticut Women's Hall of Fame|access-date=August 28, 2015|archive-date=January 20, 2017|archive-url=https://web.archive.org/web/20170120020113/http://cwhf.org/induction-ceremony/2010#.VddJaU1RHcs|url-status=dead}}</ref>
*2013 - American Banker Lifetime Achievement Award. [[American Banker]] recognized Alemany's contributions and influence, naming her nine times to its annual list of the 25 Most Powerful Women in Banking.<ref>{{cite web|title=The Most Powerful Women in Banking|url=http://www.americanbanker.com/women-in-banking/video/ellen-alemany-weve-gone-from-a-lack-of-data-to-big-data-1062797-1.html|publisher=Source Media|access-date=August 28, 2015|archive-date=November 7, 2016|archive-url=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|url-status=dead}}</ref>
*2017 – American Banker Most Powerful Women in Banking (#3)<ref>{{Cite web|date=2017-09-25|title=Most Powerful Women in Banking: No. 3, CIT Group's Ellen Alemany|url=https://www.americanbanker.com/news/most-powerful-women-in-banking-2017-no-3-ellen-alemany|url-status=live|access-date=|website=American Banker|language=en|archive-url=https://web.archive.org/web/20170925043124/https://www.americanbanker.com/news/most-powerful-women-in-banking-2017-no-3-ellen-alemany |archive-date=2017-09-25 }}</ref>
*2018 - Alemany was named the winner of the Peter G. Peterson award by the Conference Board's Committee for Economic Development.<ref>{{cite web |last1=Peters |first1=Andy |title=Mooney, Alemany to receive Conference Board leadership awards |url=https://www.americanbanker.com/news/keycorps-mooney-and-cits-alemany-to-receive-conference-board-leadership-awards?tag=00000157-7780-dd12-a75f-7fa264b50002 |website=American Banker |date=26 September 2018 |access-date=17 March 2019}}</ref>
*2018 – American Banker Most Powerful Women in Banking (#3){{r|ab3}}
*2019 – Crain's New York Business Notable Women in Banking<ref>{{Cite web|date=2019-03-11|title=Notable Women of Banking & Finance - Ellen Alemany|url=https://www.crainsnewyork.com/awards/notable-women-banking-2019-ellen-alemany|url-status=live|access-date=|website=Crain's New York Business|language=en|archive-url=https://web.archive.org/web/20210116231957/https://www.crainsnewyork.com/awards/notable-women-banking-2019-ellen-alemany |archive-date=2021-01-16 }}</ref>
*2019 – Women's Bond Club Merit Award<ref>{{Cite web|last=RTSWS|date=2019-04-30|title=RTSWS Founder Delivers Impassioned Speech To Women's Bond Club, Larry Fink, Other Financial Executives|url=https://rockthestreetwallstreet.com/rtsws-founder-delivers-impassioned-speech-to-womens-bond-club-larry-fink-other-financial-executives/|url-status=live|access-date=|website=Rock The Street, Wall Street|language=en-US|archive-url=https://web.archive.org/web/20200423095823/https://rockthestreetwallstreet.com/rtsws-founder-delivers-impassioned-speech-to-womens-bond-club-larry-fink-other-financial-executives/ |archive-date=2020-04-23 }}</ref>
*2019 – The Center for Discovery honoree<ref>{{Cite web|date=2019-05-07|title=The Center For Discovery|url=https://thecenterfordiscovery.org/|url-status=live|access-date=|website=The Center For Discovery|language=en-US|archive-url=https://web.archive.org/web/20011103111458/http://www.thecenterfordiscovery.org:80/ |archive-date=2001-11-03 }}</ref>
*2019 – American Banker Most Powerful Women in Banking (#2)<ref>{{Cite web|date=2019-09-23|title=Most Powerful Women in Banking: No. 2, CIT Group's Ellen Alemany|url=https://www.americanbanker.com/news/most-powerful-women-in-banking-2019-no-2-cit-groups-ellen-alemany|url-status=live|access-date=|website=American Banker|language=en|archive-url=https://web.archive.org/web/20200718074427/https://www.americanbanker.com/news/most-powerful-women-in-banking-2019-no-2-cit-groups-ellen-alemany |archive-date=2020-07-18 }}</ref>
*2020 – Darla Moore School of Business Center for Executive Succession Leadership Legacy Award{{citation needed|date=September 2021}}
*2020 – American Banker Most Powerful Women in Banking{{r|ab}}
*2021 – Crain's New York Business Notable Women on Wall Street<ref>{{Cite web|date=2021-02-18|title=Notable Women on Wall Street 2021|url=https://www.crainsnewyork.com/awards/notable-women-wall-street-2021|access-date=2021-08-08|website=Crain's New York Business|language=en}}</ref>

==References==
{{reflist}}

{{DEFAULTSORT:Alemany, Ellen}}
[[Category:20th-century American businesswomen]]
[[Category:20th-century American businesspeople]]
[[Category:21st-century American businesswomen]]
[[Category:21st-century American businesspeople]]
[[Category:Living people]]
[[Category:Businesspeople from the Bronx]]
[[Category:University of Bridgeport alumni]]
[[Category:Fordham University alumni]]
[[Category:IBM employees]]
[[Category:American bank presidents]]
[[Category:JPMorgan Chase people]]
[[Category:Citigroup employees]]
[[Category:Gabelli School of Business alumni]]
[[Category:NatWest Group people]]
[[Category:American women bankers]]
[[Category:American chairpersons of corporations]]
[[Category:American women chief executives]]
[[Category:American women corporate directors]]
[[Category:Chairwomen]]
[[Category:Year of birth missing (living people)]]
[[Category:American people of Italian descent]]

Ellen Alemany - Revision history

imported>Davidgoodheart: /* Career */