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Ellen Rose Alemany is an American
business executive A business executive is a person responsible for running an organization, although the exact nature of the role varies depending on the organization. Executives run companies or government agencies. They create plans to help their organizations ...
. She is the Vice Chairwoman of
First Citizens BancShares First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina. Its primary subsidiary is First Citizens Bank. It is on the list of largest banks in the United States. As of December 31, 2019, the company operated 57 ...
. She was formerly the chairwoman of
CIT Group CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, l ...
. In 2020 she was included in a list of "most powerful women in banking" published by ''
American Banker ''American Banker'' is a Manhattan-based trade publication covering the financial services industry. Originally a daily newspaper, the print edition ceased publication in 2016, with an online edition continuing to be updated. The first issue of ...
''.


Early life and education

Alemany was raised in the
Bronx, New York The Bronx () is a borough of New York City, coextensive with Bronx County, in the state of New York. It is south of Westchester County; north and east of the New York City borough of Manhattan, across the Harlem River; and north of the New Yor ...
, the daughter of
Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional It ...
immigrants who operated a liquor store. She graduated with a B.A. in English literature from the
University of Bridgeport The University of Bridgeport (UB) is a private university in Bridgeport, Connecticut. The university is accredited by the New England Commission of Higher Education. In 2021, the university was purchased by Goodwin University; it retain its own n ...
. 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. She received an MBA from
Fordham University Fordham University () is a Private university, private Jesuit universities, Jesuit research university in New York City. Established in 1841 and named after the Fordham, Bronx, Fordham neighborhood of the The Bronx, Bronx in which its origina ...
with a specialization in finance in 1980. She completed the Credit Training Program at
Chase Manhattan Bank JPMorgan Chase Bank, N.A., doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and fina ...
in 1981. She has honorary doctorates from
Bryant University Bryant University is a private university in Smithfield, Rhode Island. It has two colleges, the College of Arts and Sciences and the College of Business, and is accredited by the New England Commission of Higher Education. History Butler Exc ...
and
Fordham University Fordham University () is a Private university, private Jesuit universities, Jesuit research university in New York City. Established in 1841 and named after the Fordham, Bronx, Fordham neighborhood of the The Bronx, Bronx in which its origina ...
.


Career

From 1977 to 1987, Alemany worked at Chase Bank. In 1987, Alemany joined Citibank and held various positions including CEO for Global Transaction Services, executive vice president for the Commercial Business Group, which includes CitiCapital, the Commercial Markets Group and the Commercial Real Estate Group. Alemany joined RBS Americas as chairman and CEO in 2007. In 2008, Alemany was named CEO of RBS
Citizens Financial Group Citizens Financial Group, Inc. is an American bank headquartered in Providence, Rhode Island, which operates in the states of Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsy ...
, and was appointed chairman and CEO in 2009. She was also a member of the Royal Bank of Scotland Group's executive committee, RBS's nine-member executive leadership team. She also served as CitiCapital president and CEO. In October 2013, she retired as chairman and CEO of RBS Citizens Financial Group and RBS Americas. She came out of early retirement to become the CEO of
CIT Group CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, l ...
in April 2016 and became chairwoman in May 2016. Her strategy there was to concentrate on the core activities of the company, and dispose of unprofitable subsidiaries. An increase in the number of female executives in the company has been attributed to her. In 2020
First Citizens BancShares First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina. Its primary subsidiary is First Citizens Bank. It is on the list of largest banks in the United States. As of December 31, 2019, the company operated 57 ...
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.


Other positions

Alemany was the First District representative on the Federal Advisory Council from 2008 to 2010. She has been on the board of the Center for Discovery since 2008, of
Automatic Data Processing ADP, Inc. (originally an acronym for Automatic Data Processing) is an American provider of human resources management software and services. History In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business wi ...
since 2012, of
Fidelity National Information Services Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech, and as of Q2 202 ...
since 2014, of Operation HOPE since 2015 and of
Dun & Bradstreet The Dun & Bradstreet Corporation is an American company that provides commercial data, analytics, and insights for businesses. Headquartered in Jacksonville, Florida, the company offers a wide range of products and services for risk and financia ...
since 2021. From 2002 to 2010 she was on the board of the New York division of
March of Dimes March of Dimes is a United States nonprofit organization that works to improve the health of mothers and babies. The organization was founded by President Franklin D. Roosevelt in 1938, as the National Foundation for Infantile Paralysis, to comba ...
. She is on the board of
Catholic Charities of the Archdiocese of New York Catholic Charities of the Archdiocese of New York is one of the largest charitable organizations in the New York metropolitan area. It is a federation made up of 90 social service agencies throughout the 10 counties of the Archdiocese of New York - ...
and the advisory board of the Mayor's Fund to Advance New York City, and is a trustee of The Conference Board.


Personal life

She is married to Joaquin "Jack" Alemany; they have three children, including Jackie Alemany.


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). *2009 - Alemany named to '' Forbes'' Magazine "One of the World's Most Powerful Women" list. *2011 - Recipient of the
Foreign Policy Association The Foreign Policy Association (formerly known as the League of Free Nations Association) is a non-profit organization founded in 1918 dedicated to inspiring the American public to learn more about the world. The Foreign Policy Association aims to ...
Corporate Social Responsibility Award. *2012 - Connecticut Women's Hall of Fame 2010 Honoree. *2013 - American Banker Lifetime Achievement Award.
American Banker ''American Banker'' is a Manhattan-based trade publication covering the financial services industry. Originally a daily newspaper, the print edition ceased publication in 2016, with an online edition continuing to be updated. The first issue of ...
recognized Alemany's contributions and influence, naming her nine times to its annual list of the 25 Most Powerful Women in Banking. *2017 – 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. *2018 – American Banker Most Powerful Women in Banking (#3) *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) *2020 – Darla Moore School of Business Center for Executive Succession Leadership Legacy Award *2020 – American Banker Most Powerful Women in Banking *2021 – Crain's New York Business Notable Women on Wall Street


References

{{DEFAULTSORT:Alemany, Ellen Living people People from the Bronx University of Bridgeport alumni Fordham University alumni IBM employees American bankers American chief executives of financial services companies JPMorgan Chase people Citigroup employees Gabelli School of Business alumni NatWest Group people American women bankers American chairpersons of corporations American women chief executives Women corporate directors Chairwomen Year of birth missing (living people) American people of Italian descent 21st-century American women