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  • Jan 6- Morgan Stanley on Wednesday promoted its investment banking chief, Colm Kelleher, to president, making him the heir apparent to current Chief Executive James Gorman, and prompting Greg Fleming, the head of wealth management, to depart. Fleming, who was once seen as a likely successor to Gorman before losing out in a management reshuffle in October, on...

  • Oct 21- CIT Group Inc said Chief Executive Officer John Thain, who was appointed to turn around the commercial lender after its bankruptcy, will retire in March and be replaced by veteran banking executive Ellen Alemany. Thain, who headed Merrill Lynch before it was sold to Bank of America Corp at the height of the financial crisis, told Reuters his work at CIT is...

  • UPDATE 1-CIT Group CEO John Thain to retire next year Wednesday, 21 Oct 2015 | 5:12 PM ET

    Oct 21- U.S. small-business lender CIT Group Inc said Chief Executive John Thain will retire effective March 31, and will be replaced by board member Ellen Alemany. Sixty-year-old Thain, who headed Merrill Lynch before it was sold to Bank of America Corp at the height of the financial crisis, was appointed CEO in February 2010 to get CIT back on track after its...

  • CIT Group CEO John Thain to retire next year Wednesday, 21 Oct 2015 | 4:44 PM ET

    Oct 21- U.S. small-business lender CIT Group Inc said Chief Executive John Thain will retire effective March 31, 2016 and be replaced by Ellen Alemany, a CIT board member the former chief executive of both Merrill Lynch and the NYSE. The company also said it would explore strategic alternatives for its $10 billion commercial air unit and sell its CIT Canada and...

  • We are seeing lack of leadership in DC: Thain Tuesday, 8 Oct 2013 | 4:17 PM ET
    We are seeing lack of leadership in DC: Thain

    John Thain, CIT Group chairman and CEO, reacts to President Obama's address. "A default would cause a tremendous amount of disruption in the market place" he says.

  • CIT Group CEO Thain: Gathered Over 30 Tons of Food For Charity

    John Thain, chairman & CEO of the CIT Group, reacts to the Cyprus bailout, whether CIT is up for sale and on his company's successful food drive.