CIT Capital Equipment Finance adds to team

CIT’s Capital Equipment Finance unit, which specializes in leasing options for middle market and large cap organizations, has added two new business leaders to enhance its direct origination capabilities and support business growth.

Craig DeMordaunt (pictured above) joins CIT as director of originations for the Mountain Region, based in Salt Lake City, Utah.

He has extensive experience in equipment finance across many industries as well as widely-based knowledge and practice in deal structuring, debt markets and credit markets. Previously, DeMordaunt held origination and managerial roles at GE Capital.

Adrian Pysariwsky is rejoining CIT in Capital Equipment Finance as vice-president, asset valuation.

In prior roles, he worked in commercial finance at CIT Group, Tyco Capital, Newcourt, AT&T Credit, and AT&T Capital. Most recently, he was with MetLife managing leveraged lease and tax equity portfolio assets including commercial aircraft, rail, power plant, renewable energy, and commercial real estate.

Eric Miller, group head and managing director of Capital Equipment Finance, said: “With these appointments, we continue to build our originations team and solidify our position as a leader in the capital equipment finance sector.

“As we continue to pursue our growth agenda, these additions will increase our origination capacity and supplement the world-class team we have already assembled.”