CIT Names Harold Ray As Equipment Finance Commercial Leader For Industrial Sector

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Azadi Ka Amrit Mahoutsav

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JACKSONVILLE, Fla., May 23, 2017 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) a leading provider of commercial lending and leasing services, today announced that its Equipment Finance business appointed Harold Ray as director and commercial leader of Industrial Markets, effective immediately. Ray is based in Atlanta, Georgia and serves on the Equipment Finance Management Committee. He reports directly to Mike Jones, managing director of CIT Equipment Finance.

“Harold’s two decades of experience in winning and growing new vendor programs in the industrial sector make him ideal for this leadership position as we further build on our capabilities,” said Jones. “He is recognized in the industry for his ability to build successful finance programs for manufacturers and distributors, as well as work with C-level executives of enterprise accounts to structure leases and loans to meet their requirements.”

Since 1996, Ray has held a series of equipment finance sales positions at CIT, serving middle- and small-market commercial clients. Prior to that, Ray was a senior credit analyst with Heller Financial. Ray holds a Bachelor of Science degree in Accounting from Saint Peter’s College in New Jersey.

CIT Equipment Finance offers finance programs designed specifically for the unique needs of Industrial, Office Imaging, Technology and Healthcare manufacturers, their distribution channels and end users.

 

About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with $63 billion in assets as of March 31, 2017. Its principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender), has more than $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.

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