Ellen Alemany

Ellen Alemany

Formal First Name
1955 - present

Ellen Alemany is the Vice Chairwoman of First Citizens Bank, one of the top U.S. financial institutions with over $100B in assets. Previously, she was the Chairwoman and CEO of CIT Group, where she led CIT’s multi-year strategic transformation to become a leading national bank. Ellen concentrated on the core activities of the company, and led the strategic acquisition of Mutual of Omaha Bank in 2020, which further strengthened the company’s deposit and commercial banking capabilities. Prior to her time at CIT, she headed The Royal Bank of Scotland Americas, the management structure that oversees RBS' businesses in the Americas. Ellen’s leadership and accomplishments have been heralded through recognitions that include being named to American Banker’s Most Powerful Women in Banking list and receiving the Leadership Legacy Award from the Center for Executive Succession at the Darla Moore School of Business.

Professional Experience

Academic History


  • During her tenure at CIT, Ellen led the strategy to divest the company’s non-core operations.

  • She built the company's market-leading franchises, de-risk the portfolio and improved its operating efficiency.

  • She strengthened the funding profile, built and experienced management team and created a distinctive culture to empower employees.



  • Ellen was a member of RBS Group's executive committee, and nine-member executive leadership team.

  • She held a number of leadership roles at Citigroup, including  as CEO for Global Transaction Services, executive vice president for Commercial Business and president and CEO of CitiCapital.

  • She also held a number of executive positions in Citigroup's Global Corporate Bank, including customer group executive of North American markets.

  • She was Global industry lead of Media and Communications, U.S. industry head of Consumer Products, and customer group executive for the Global Relationship Bank in Europe, based in London.

  • She was the First District Representative on the Federal Reserve’s Federal Advisory Council during the financial crisis.



  • 2021 – Crain's New York Business Notable Women on Wall Street

  • 2020 – American Banker Most Powerful Women in Banking

  • 2020 – Darla Moore School of Business Center for Executive Succession Leadership Legacy Award

  • 2019 – Crain's New York Business Notable Women in Banking

  • 2019 – Women's Bond Club Merit Award

  • 2019 – The Center for Discovery honoree

  • 2019 – American Banker Most Powerful Women in Banking (#2)

  • 2018 – American Banker Most Powerful Women in Banking (#3)

  • 2018 – Alemany was named the winner of the Peter G. Peterson award by the Conference Board's Committee for Economic Development

  • 2017 – Crain's New York Business 50 Most Powerful Women

  • 2017 – American Banker Most Powerful Women in Banking (#3)

  • 2013 – American Banker Lifetime Achievement Award

  • 2012 – Connecticut Women's Hall of Fame 2010 Honoree

  • 2011 – Foreign Policy Association Corporate Social Responsibility Award

  • 2009 – Forbes Magazine "One of the World's Most Powerful Women"

  • 2007– Treasury and Risk 100 Most Influential People in Finance