CIT names origination team recruits

CIT Capital Equipment Financing, a leading provider of equipment financing, has added several new members to its team as part of moves to increase its market presence.

Eric Miller, group head and managing director of the company, said: “We continue to build our team to be a best-in-class originations group in the capital equipment sector.

“We increased direct originations 400% in 2016. These additional hires with regional expertise should position us well to continue to provide financing solutions to meet the needs of our valued middle market customers. We expect to continue to grow in 2017.”

New recruits include Robert Haynes who joins as director of originations, mountain region, based in Denver. Before joining CIT, Haynes held positions at NHB Bank, Bank of the West and Transamerica Finance Corporation where he focused on direct originations and relationship management.

David Hicks joins as director of originations, Mid-South region, based in Nashville, Tennessee. Hicks has held origination roles at GE Capital, Macquarie Equipment Capital, and the former Banc One Leasing (JPMorgan Chase), as well as, managerial roles at Fifth Third Bank and Cadence Bank.

Tim McNeely joins as director of originations, Pacific Northwest region, based in Sacramento, California, having held roles with GE Capital, Siemens Financial Services, Capital One, AIG, and Rabbank.

Michael Ollio joins as director of indirect originations, based in Pittsburgh, Pennsylvania where he will cover banks, captives, and independents.

Before joining CIT, Ollio held roles at PNC Bank and PNC Equipment Finance, as well as Siemens Financial Services.

Jason Sullivan joins as director of originations, south-east region, based in Charleston, South Carolina, having previously held positions at Bank of America Merrill Lynch and GE Commercial Finance where he focused on direct originations and relationship management.