NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of commercial lending and leasing services, today announced the appointment of Eric Miller as Managing Director and Group Head of CIT Capital Equipment Finance. He will report directly to Burt Feinberg, President and Group Head of CIT Corporate Finance, Commercial & Industrial.
“Eric is an industry veteran with experience in leading origination teams focused on sourcing, structuring and executing middle market capital equipment financing transactions,” said Feinberg. “We’re pleased to have him lead this group as we continue to focus on growing this business and meeting the financing needs of our customers.”
Miller added, “I look forward to leading a team that has long-standing relationships and deep industry expertise. Together we’ll grow our capital equipment finance franchise as companies look to expand capital expenditures, while market conditions continue to improve, in an effort to grow their businesses.”
Prior to joining CIT, Miller served as a Managing Director for GE Capital in their Corporate Finance division, where he developed winning strategies to successfully achieve sales and profitability objectives. Industries of focus included Construction, Transportation, Media & Entertainment, Marine, Automotive, Food-Bev & Agriculture, Plastics, Metals, Mining, Energy, Aerospace & Defense and General Manufacturing.
Miller received his bachelor’s degree from the State University of New York at Albany.
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About Corporate Finance
About CIT Corporate Finance CIT Corporate Finance provides lending, leasing and other financial and advisory services to the middle market with a focus on specific industries, including: Aerospace & Defense, Business Services, Communications, Energy, Entertainment, Gaming, Healthcare, Industrials, Information Services & Technology, Restaurants, Retail, Sports & Media and Transportation. cit.com/corporatefinance
About CIT Capital Equipment Finance
CIT Capital Equipment Finance is a leading provider of equipment financing solutions for middle market companies in a wide range of industries. CIT Equipment Finance specializes in providing equipment loans and leases for transactions ranging in size from $5 million to approximately $100 million and more. cit.com/capitalequipmentfinance
Founded in 1908, CIT (NYSE:CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com