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Former CIT executive launches risk advisory firm

A new advisory firm has been launched by Jennifer Villa Tennity, previously CIT Aerospace's chief risk officer.

Provident Aviation will specialise in exposure management.

Tennity says the firm can help quantify risks and "distill them in the proper manner for communication outside the organisation", whether for capital-raising efforts, public agency debt ratings, or investor updates.

Being able to assess both credit and transaction risk is vital for aviation leasing and lending firms, notes Tennity.

She spent 19 years at CIT Aerospace before leaving the lessor after its sale to HNA-backed Avolon last year.

As well as handling risk management, she acted as the lessor's main regulatory liaison to the US Federal Reserve and Office of the Comptroller of the Currency (OCC) upon CIT's transition to a bank holding company and the formulation and execution of its post-9/11 business plan.

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