NEW YORK, Sept. 20, 2018 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that it has named Chris Ralston as a director in the Lender Finance business within CIT’s Business Capital division.
In his new role, Ralston will be responsible for analyzing portfolio opportunities and engaging with independent leasing and finance companies to provide funding for lease or loan transactions.
“We are pleased to add Chris, an experienced executive, to CIT as we continue to grow,” said Hal Atkinson, managing director of CIT’s Lender Finance business. “His significant industry experience and solid capital markets relationships will broaden the market coverage of our team – a key component to achieving our growth initiatives.”
Ralston joins CIT from TIAA Bank Commercial Finance, where he had been vice president of capital markets. Ralston’s industry tenure exceeds 25 years with significant experience in a broad range of asset types, including healthcare, industrial and technology.
CIT’s Lender Finance business is one of the nation’s leading providers of capital markets funding for leasing and finance companies that seek to monetize equipment financing transactions, providing both debt and debt/equity solutions.
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of June 30, 2018. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $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. For more information, visit cit.com and follow us on Twitter, LinkedIn, YouTube and Facebook.
SOURCE CIT Group Inc.