Khanh T. Tran was appointed to the CIT board of directors, effective July 27, 2017. He will also serve on the board of the bank subsidiary CIT Bank and on the nominating and governance committee of the CIT board.

“Khanh brings extensive leadership experience and a significant tenure serving in senior financial positions,” said CIT Chairwoman and Chief Executive Officer Ellen R. Alemany. “His background will be a natural complement to the CIT Board as the company continues to deliver on its strategic plan.”

Khanh served as an executive at Pacific Life Insurance for 25 years and in 2016 became the CEO of Aviation Capital Group (ACG), a full-service aircraft leasing and asset management company that is a wholly-owned subsidiary of Pacific Life. Prior to this role at ACG, he served as president, chief investment officer, chief financial officer and treasurer of Pacific Life.

Before joining Pacific Life in 1990, Khanh held financial positions at The Vons Companies, a supermarket retailer in Southern California and The Flying Tiger Line, then the world’s largest global airfreight company that was acquired by Federal Express in 1988. He started his career at United California Bank in 1980.