In 2020 she was included in a list of "most powerful women in banking" published by American Banker.[1]
Early life and educationedit
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]
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.[10][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.[18] An increase in the number of female executives in the company has been attributed to her.[19]
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.[20][21]
She is married to Joaquin "Jack" Alemany; they have three children, including Jackie Alemany.[18]
Awards and honorsedit
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).[31]
2009 - Alemany named to Forbes Magazine "One of the World's Most Powerful Women" list.[32]
2012 - Connecticut Women's Hall of Fame 2010 Honoree.[34]
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.[35]
2017 – American Banker Most Powerful Women in Banking (#3)[36]
2018 - Alemany was named the winner of the Peter G. Peterson award by the Conference Board's Committee for Economic Development.[37]
2018 – American Banker Most Powerful Women in Banking (#3)[19]
2019 – Crain's New York Business Notable Women in Banking[38]
2019 – American Banker Most Powerful Women in Banking (#2)[41]
2020 – Darla Moore School of Business Center for Executive Succession Leadership Legacy Award[citation needed]
2020 – American Banker Most Powerful Women in Banking[1]
2021 – Crain's New York Business Notable Women on Wall Street[42]
Referencesedit
^ abKline, Allissa (September 29, 2020). "Most Powerful Women in Banking: Ellen Alemany, CIT Group". American Banker.
^ abcBroughton, Kristin (September 26, 2017). "How Ellen Alemany is reinventing CIT". American Banker.
^ ab"Citigroup appoints Ellen Alemany CEO of global transaction services". Finextra. 23 January 2006. Retrieved August 28, 2015.
^"Most Powerful Women in New York 2007". Crain's New York. September 16, 2007.
^"Citizens Financial executive honored by magazine". The Day. 9 October 2011.
^"Past Honorary Degree Recipients". Fordham. Retrieved 9 November 2021.
^"Ellen Alemany capitalizes on 'around the corner, around the globe'". Boston Herald. 2010-03-01. Retrieved 2019-08-15.
^"Citigroup appoints Ellen Alemany CEO of global transaction services". Finextra Research. 2006-01-23.
^"Ellen R. Alemany | Los Angeles Business Journal". labusinessjournal.com. 30 July 2018.
^ ab"Fireside Chat with Ellen Alemany, Chair and CEO of CIT Group". Fordham Newsroom. 20 May 2023.
^"RBS Drafts Big Hitter From Citigroup". Forbes. Retrieved 2021-09-19.
^"#17 Ellen Alemany". American Banker. 2009-10-01.
^"Ellen Alemany elected to National Constitution Center Board of Trustees". www.rbs.com. Archived from the original on 2021-10-05. Retrieved 2021-09-19.
^"RBS Group" (PDF). 2011. Archived (PDF) from the original on 2022-01-26.
^"LEADERS Interview with Ellen R. Alemany, Chairwoman and Chief Executive Officer, CIT Group". www.leadersmag.com.
^"RBS Citizens Financial Group Announces CEO Succession Plan". Citizens Bank. Retrieved August 28, 2015.
^Wack, Kevin (2019-09-23). "Most Powerful Women in Banking: No. 2, CIT Group's Ellen Alemany". American Banker. Archived from the original on 2020-07-18. Retrieved 2020-03-18.
^ abBroughton, Kristin (September 26, 2017). "How Ellen Alemany is reinventing CIT". American Banker.
^ abBroughton, Kristin (24 September 2018). "Most Powerful Women in Banking: No. 3, CIT Group's Ellen Alemany". American Banker. American Banker. Retrieved 17 March 2019.
^"Regional lender First Citizens to buy CIT in $2.2 billion deal". Reuters. 16 October 2020. Retrieved 9 November 2021.
^Davis, Paul (20 October 2020). "CIT chief Ellen Alemany set to receive large bonus from First Citizens merger". American Banker. Retrieved 9 November 2021.
^"The Federal Reserve Board 95th Annual Report". The Federal Reserve Board. Retrieved August 28, 2015.
^"Center for Discovery-Board of Directors". The Center for Discovery. Retrieved 28 August 2015.
^"Board of Directors/ Automatic Data Processing". Automatic Data Processing. Archived from the original on September 11, 2015. Retrieved August 28, 2015.
^"Ellen Alemany Joins FIS Board of Directors". FIS. Retrieved August 28, 2015.
^"100 Most Influential People in Finance". Treasury & Risk. Retrieved August 28, 2015.
^"The World's 100 Most Powerful Women". Forbes. Retrieved August 28, 2015.
^"Foreign Policy Association 2011 Annual Dinner". Foreign Policy Association. Retrieved August 28, 2015.
^"Induction Ceremony 2010". Connecticut Women's Hall of Fame. Archived from the original on January 20, 2017. Retrieved August 28, 2015.
^"The Most Powerful Women in Banking". Source Media. Archived from the original on November 7, 2016. Retrieved August 28, 2015.
^"Most Powerful Women in Banking: No. 3, CIT Group's Ellen Alemany". American Banker. 2017-09-25. Archived from the original on 2017-09-25.
^Peters, Andy (26 September 2018). "Mooney, Alemany to receive Conference Board leadership awards". American Banker. Retrieved 17 March 2019.
^"Notable Women of Banking & Finance - Ellen Alemany". Crain's New York Business. 2019-03-11. Archived from the original on 2021-01-16.
^RTSWS (2019-04-30). "RTSWS Founder Delivers Impassioned Speech To Women's Bond Club, Larry Fink, Other Financial Executives". Rock The Street, Wall Street. Archived from the original on 2020-04-23.
^"The Center For Discovery". The Center For Discovery. 2019-05-07. Archived from the original on 2001-11-03.
^"Most Powerful Women in Banking: No. 2, CIT Group's Ellen Alemany". American Banker. 2019-09-23. Archived from the original on 2020-07-18.
^"Notable Women on Wall Street 2021". Crain's New York Business. 2021-02-18. Retrieved 2021-08-08.