Rob Seltzer new MD of CIT Capital Equipment

CIT Group has appointed Rob Seltzer as managing director of CIT Capital Equipment Finance, one of the leading providers of commercial equipment finance solutions for middle market companies in a wide range of industries./p>

Seltzer will be responsible for leading the group’s buy desk as well as indirect channel sales, including internal cross selling with additional CIT platforms. He will report directly to Eric Miller, group head and managing director of CIT Capital Equipment Finance.

“Rob is an industry veteran with extensive experience leading origination efforts and I’m excited to welcome him to our team,” said Miller. “He will play an important role as we look to grow our capital equipment finance business and capitalize on opportunities in the market as many middle market companies look to grow their businesses through capital improvement investments.”

Seltzer has more than two decades of experience in the financial services sector, and joins CIT from PHH Mortgage, a top-10 residential mortgage originator and servicer, where he was head of business development. He began his career with General Electric, where he worked in various financial roles with GE’s treasury and financial planning groups. 

In 2006, he was promoted to managing director of GE Capital’s specialty finance business and focused both on large, structured equipment financing transactions and on building an origination channel that targeted portfolio companies of private equity sponsors. Seltzer soon moved into mergers and acquisitions and led successful dispositions of three businesses with over $2 billion in assets in addition to two financial portfolios. In 2011, he was named a managing director, leading GE’s commercial lending and leasing vertical in the eastern US with a focus on the food and beverage industry.