Lee Beasley Email & Phone Number

New York, Ny, Us

Zurich, Ch

Boston, Ma, Us

Responsible for all back office processing functions for the US bank. Covering payments (wire, ACH and developing RTP), deposit and account services, consumer loans, cash, vault and ATM services, life events (decedents, bankruptcy, subpoena, garnishments, etc) and records management (physical records retention, data retention, mail)

New York, Ny, Us

Leads multi-functional Treasury Operations team, focused on Middle and Back office functions covering the following key Treasury related areas: Investments, Cash, Liquidity, Banking Relations, Derivatives, Funding, Payment processing and Accounts Payable.STRATEGIC RESTRUCTURING- Created Middle and Back Office trading support functions: o Supported the Corporate Front Office trading team in a drive to realize an additional $12m/year in interest income, implemented process and systems (Aladdin and Clearwater) to support activity and increase analytical reporting, also netting a saving of over $1m/year in legacy technology costs o Supported Capital Markets growth in back-to-back client derivatives, allowing significant expansion of the division. From its foundation, this division has already grown to generate $1m/year profit. Implemented Chatham Financial system to track, account and report on activity - Continued driving a trapped cash management effort, minimizing CIT’s global cash and generating interest expense savings of an additional $10 million/year.INTEGRATION - Drove the implementation of a centralized payment factory, enabling centralized liquidity control and oversight that is fully tied into a robust compliance (OFAC/AML) monitoring tool.- Led the pan-Treasury project for the acquisition of One West Bank ($23b of assets) and Mutual of Omaha Bank ($10b), covering Cash, Liquidity, Capital, ALM and funding integrationCOST SAVINGS AND SIMPLIFICATION- Executed a bank re-engineering process; reducing bank fees by $4 million annually, and rationalizing banking partners from 73 to 13- Rationalized the Accounts Payable process; reducing staffing levels by 40%, and speeding processing times from an average of 33 days to 8 days, allowing the introduction of payment discounts; Annual savings of $2m

New York, Ny, Us

Instrumental in strategic restructuring, cost savings, and regulatory compliance in Treasury Cash Operations, Global Liquidity Management, Banking Relations, and Legal Entity Cash, Capital and Leverage planning for public company with ~$50 billion in assets focused on leases/loans in a multi-national (26 countries-40 currencies) environment. Managed a team of 25 Treasury professionals in the US, Toronto, Dublin, Shanghai and Mexico City. Reporting to the Global Treasurer, regularly interfacing with the CFO, and delivering quarterly updates with the CEO and Board of DirectorsSTRATEGIC RESTRUCTURING- Led a significant trapped cash repatriation effort, minimizing CIT’s global cash from $1.6 billion down to $900 million, and generating interest expense savings of $21 million annually- Executed re-capitalization of the US structure, reducing $18 billion of double leverage created capital, and realizing $11 million annual savings in state income and capital taxes- Structured debt and capital levels in the Canadian subsidiaries applying thin cap rules, resulting in $5 million annual income tax savings on US interest income- Led total re-capitalization efforts (including above), transitioning CIT’s leverage from 6.1, a total of $55 billion capital used, down to 2.1, a total of $19 billionINTEGRATION - Led a project to re-engineer Treasury Cash Operations, including the rollout of the Quantum Treasury management system. Focused on aligning liquidity risk forecasting with intraday liquidity management - Built a formal intercompany funding process coordinated with CIT’s international tax planning strategies- Normalized manual disbursement processes that primarily relied on 30+ banking portalsREGULATORY- Rebuilt liquidity stress testing scenarios/reporting and deposit stress testing aligned to Federal guidance SR10-6 and SR 12-7, in response to multiple MRIA’s delivered during Federal audit- Orchestrated major corporate conversion to a bank structure

New York, Ny, Us

Orchestrated major corporate conversion to a bank structure focusing on regulatory compliance. COST AND SIMPLIFICATION• Executed a legal entity restructure project which consolidated CIT’s 700+ legal entities to under 390. Generated cost savings of $4 million/annually (filing, audit and directors’ fees)• Rebuilt CIT’s global transfer pricing policy and process. Generated $13 million/annual tax savings through charging out head office and regional service center expensesRESTRUCTURING• Played a significant role in CIT’s negotiations with debt holders (focused on substantiating collateral) prior to and during bankruptcyTEAM BUILDING/LEADERSHIP• Built a Regulatory Reporting team for the new bank structure. Implemented a solid control environment pertaining to the collection and reporting of BHC mandated reports, including FR 2314 and Y11

New York, Ny, Us

Managed 30 person project group to manage financial system restructuring spanning 26 countries. Built and led team through critical regulatory and deadline driven events (Y2K, SOX, and others)• Led global rollout and upgrades of PeopleSoft General Ledger, Accounts Payable and Asset Management system and rebuild of the financial reporting process• Executed the implementation of Hyperion Essbase reporting and consolidation system• Orchestrated numerous re-engineering projects to accommodate four (4) multiple billion dollar acquisitions

International, Global, Oo

International, Global, Oo

Business Management

A Level, Computer Science