Daily News: May 21, 2013

CIT Trade Finance Appoints Wiggins as BDO


CIT Trade Finance announced the appointment of Patrick Wiggins as business development officer. Based in the CIT Atlanta office, he will be responsible for generating asset-based lending and factoring business in the Southeast United States.

“Pat’s extensive experience in business development and asset-based lending will play an important role as we continue to build our business in the southeast,” said Michael Hudgens, director, Business Development, southeast region. “The region offers a tremendous opportunity for us to showcase our expertise in meeting the financing needs of middle market companies.”

Wiggins has nearly 20 years of experience in the finance industry, most recently as vice president, portfolio manager for SunTrust Robinson-Humphrey. He has held previous positions with PNC Business Credit and Guaranty Business Credit as well as other financial companies in Atlanta.

CIT Trade Finance is a provider of factoring services in the United States for companies that sell into retail channels of distribution.