CIT Group has announced the appointment of Neil Wessan as Managing Director and Group Head of CIT Capital Markets which is responsible for structuring, pricing and distributing all financial products originated by CIT. Mr. Wessan will report directly to CIT Corporate Finance Co-Heads Pete Connolly and Jim Hudak.
“Neil’s nearly three decades of experience in raising capital for companies will be important as we work to provide much-needed financing to the middle market sector. We look forward to working closely with Neil whose appointment will further enhance our reputation as a leading provider of middle market financing,” said Messrs. Connolly and Hudak.
Prior to CIT, Mr. Wessan served as Head of Capital Markets for Gleacher & Company. Before this, he was a Founding Principal at Halsey Lane Holdings, and served as Managing Director and Co-Head of Jefferies & Company’s Leveraged Loan Capital Markets and Syndications Group. Earlier he held senior level positions with various financial institutions, including CIBC World Markets, ING Barings and Bankers Trust, over the course of his 28-year career.
CIT is a bank holding company with more than $34 billion in assets. Sectors of interest include small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. CIT was founded in 1908 and is based in New York, NY (www.cit.com).