CIT ASSET MANAGEMENT LLC
FIRST CITIZENS INSTITUTIONAL ASSET MANAGEMENT LLC Legal Name
Adviser information for CIT ASSET MANAGEMENT LLC last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 21 |
|---|---|
| Investment Advisory/Research | 14 |
| Registered Broker-Dealer Representatives | 1 |
| Registered State Investment Advisers | 1 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 0 | $0 |
| Non-Discretionary | 1 | $910.9M |
| Total | 1 | $910.9M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 1 | $910.9M |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Portfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients |
|---|---|
| Compensation | % of AUMPerformance-based fees |
Identifiers
| SEC RIA File Number | 801-110171 |
|---|---|
| SEC ERA File Number | 801-110171 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 285836 |
| Legal Entity Identifier | None |
Principal Office
11 WEST 42ND STREET11TH FLOOR
NEW YORK
NY
United States
Monday - Friday, 9 AM TO 5 PM
Tel: 212-461-5761, Fax: None
Websites
Chief Compliance Officer
CHERIE HARRIS
CHIEF COMPLIANCE OFFICER
11 WEST 42ND STREET
11TH FLOOR
NEW YORK
NY
United States
Tel:
212-461-5761
C************@****************M
(Full email address available in API data)
Industry Affiliates
| FIRST CITIZENS ASSET MANAGEMENT, INC | Other investment adviser, including financial planners |
| FIRST CITIZENS BANK & TRUST COMPANY | Banking or thrift institution |
| FIRST CITIZENS CAPITAL SECURITIES, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| FIRST CITIZENS INVESTOR SERVICES, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersInsurance company or agency |
| NEUSE TITLE SERVICES | Insurance company or agency |
| SVB ASSET MANAGEMENT | Other investment adviser, including financial planners |
| SVB WEALTH | Other investment adviser, including financial planners |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| CIT NORTHBRIDGE CREDIT LLC | Hedge Fund | $910.9M | $50.0M | 2 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| CARLSON, MARK, ADRIAN | Individual | – | SENIOR VICE PRESIDENT & TREASURY CONTROLLER | 11/2011 | < 5% |
| NASSANEY, KATHLEEN, NMN | Individual | – | DIRECTOR | 08/2009 | < 5% |
| SAWKA, KATHLEEN, MARTHA | Individual | – | VICE PRESIDENT CORPORATE TREASURY | 11/2011 | < 5% |
| DOPPELT, HARVEY, NMN | Individual | – | MANAGING DIRECTOR | 06/2014 | < 5% |
| FONG, ERIC, WAI-HUNG | Individual | – | DIRECTOR | 05/2015 | < 5% |
| Saltzman, Barrie, NMN | Individual | – | VICE PRESIDENT | 01/2017 | < 5% |
| Skavla, Peter, Lawrence | Individual | – | MANAGING DIRECTOR | 06/2017 | < 5% |
| Legan, Neal, Thomas | Individual | – | MANAGING DIRECTOR | 06/2017 | < 5% |
| HARRIS, CHERIE, TANIKA | Individual | – | CHIEF COMPLIANCE OFFICER | 12/2018 | < 5% |
| VOULGAROPOULOS, ANDREA, LISE | Individual | – | DIRECTOR | 11/2018 | < 5% |
| CIT LOAN CORPORATION | Domestic Entity | – | MEMBER | 03/2020 | > 75% |
| FIRST CITIZENS BANK & TRUST COMPANY | Domestic Entity | CIT LOAN CORPORATION | SHAREHOLDER | 01/2022 | > 75% |
| FIRST CITIZENS BANCSHARES, INC. | Domestic Entity | FIRST CITIZENS BANK & TRUST COMPANY | SHAREHOLDER | 01/2022 | > 75% |
| Hudak, James | Individual | – | PRESIDENT | 01/2024 | < 5% |