CIT Appoints Lisa K. Polsky Chief Risk Officer
May 06, 2010 11:19 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to
small businesses and middle market companies, today announced the appointment of Lisa K. Polsky (53) as Chief
Risk Officer effective May 17, 2010. She will report directly to Chairman and Chief Executive Officer John A.
Thain.
Mr. Thain said, “Lisa’s appointment is a significant step forward in our efforts to develop a best-in-class risk
management framework that will further enhance our ability to aggregate and analyze risk throughout the
organization. I look forward to working closely with Lisa as we strengthen CIT’s risk practice.”
Polsky will be responsible for developing and implementing an enterprise-wide risk management strategy and
framework. This risk framework will be used to quantify and monitor various types of risk exposures across CIT,
identify emerging risk factors, monitor portfolio concentrations and evaluate future business transactions.
Polsky most recently has been at Jane Street Capital, a quantitative proprietary trading firm. She joined Jane Street
from Duff Capital Advisors, where she was a Partner and Head of Risk & Investment Solutions. Prior to joining
Duff, she spent six years consulting, specializing in portfolio solutions, risk management and valuation policy. Before
founding her consulting firm, Polsky served as Managing Director and Head of Client Financing Services with Merrill
Lynch & Co., Inc. and prior to that as Managing Director, Chief Risk Officer, and Head of Risk Policy at Morgan
Stanley. Polsky also served as Head of the Hedge Fund Business and Head of Derivatives in the US and Europe at
Bankers Trust Company. She began her career at Citibank NA, where she started the FX Options business and
later Co-Headed Citibank’s Derivative Business in North America.
Polsky also serves on the Board of Piper Jaffray.
About CIT
Founded in 1908 and headquartered