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.
NEW YORK – CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of commercial lending and leasing services, today announced the appointment of Rob Seltzer as Managing Director of CIT Capital Equipment Finance, a leading provider of commercial equipment finance solutions for middle market companies in a wide range of industries. 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. He began his career with General Electric, where he worked in various financial roles with GE’s Treasury and Financial Planning groups. He also worked in the Analysis and Pricing group within GE’s Equipment Finance business. In 1997, Seltzer became a sales representative and regional sales manager for GE’s equipment finance business, a position he held for the next nine years.
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 U.S. with a focus on the Food and Beverage industry.
Prior to joining CIT, Seltzer was the head of business development for PHH Mortgage, a top-10 residential mortgage originator and servicer. He received his bachelor’s degree in finance from the University of Massachusetts.
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About Corporate Finance
About CIT Corporate Finance CIT Corporate Finance provides lending, leasing and other financial and advisory services to the middle market with a focus on specific industries, including: Aerospace & Defense, Business Services, Communications, Energy, Entertainment, Gaming, Healthcare, Industrials, Information Services & Technology, Restaurants, Retail, Sports & Media and Transportation. cit.com/corporatefinance
About CIT Capital Equipment Finance
CIT Capital Equipment Finance is a leading provider of equipment financing solutions for middle market companies in a wide range of industries. CIT Equipment Finance specializes in providing equipment loans and leases for transactions ranging in size from $5 million to approximately $100 million and more.cit.com/capitalequipmentfinance
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation industry worldwide. Its U.S. commercial bank subsidiary, CIT Bank (Member FDIC) BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com
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