CEO Who Drove CIT to Bankruptcy Gets New Gig


Pushing a company close to bankruptcy and then unceremoniously resigning isn’t usually the kind of behavior that has other companies knocking at the door for you. Yet, in Jeffrey Peck’s case, it has won him a high-profile new job. The former chairman and CEO of CIT Group was named the vice-president of Barclays Capital’s investment-banking division Wednesday. Peck will be based in New York and will focus in particular on clients in the financial-services sector.

"Our clients will benefit from the unique depth and diversity of [Peek's] experience across a broad spectrum of strategic and financial issues," Global Investment Banking head Skip McGee said in a statement. "We look forward to the contributions he will make to the firm and to our clients."

Presumably this also means Peek’s wife can return to blissful joblessness.

Barclays Hires Ex-CIT Chief Peek [WSJ]