NEW YORK, July 29, 2021 /PRNewswire/ -- CIT Group
Inc. (NYSE: CIT) today announced the appointment of
Kevin Ronan as national sales
director for the Capital Equipment Finance business.
Ronan, who was also promoted to senior vice president, will be
based in New York and will oversee
business development within Capital Equipment Finance for both the
direct and indirect sales channels.
"During his time at CIT, Kevin has demonstrated outstanding
customer focus and commitment to client satisfaction," said
David Harnisch, president of CIT's
Commercial and Real Estate Finance division. "His expertise in
origination and sales management will help drive the
continued growth of the business."
"CIT has a very strong reputation as an industry leader in both
leasing and financing of capital equipment," Ronan said. "Our
entire team looks forward to continuing to build on that legacy to
better serve new and existing customers with the financial products
they need to grow their business."
Ronan joined CIT in 2012 and in his most recent role was
responsible for the indirect channel and for maintaining critical
relationships with bank and non-bank partners.
Prior to joining CIT, Kevin had worked for a number of other
financial institutions as a senior-level equipment finance sales
executive, including RBS Asset Finance, Young America Capital and
GE Capital.
Capital Equipment Finance, part of CIT's Commercial
Finance division, is a leading provider of equipment financing
solutions to middle market and large-cap businesses. The unit
specializes in providing equipment loans and leases with flexible
terms and rates tailored to the equipment needs and credit strength
of the borrower.
About CIT
CIT is a leading national bank focused on
empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a
financial holding company with over a century of experience and
operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC,
Equal Housing Lender). The company's commercial banking segment
includes commercial financing, community association banking,
middle market banking, equipment and vendor financing, factoring,
railcar financing, treasury and payments services, and capital
markets and asset management. CIT's consumer banking segment
includes a national direct bank and regional branch network.
Discover more at cit.com/about.
MEDIA RELATIONS:
John M.
Moran
212-461-5507
john.moran@cit.com
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SOURCE CIT Group Inc.