CIT Group has named Rob Bolo as director for the Southeast region for its Capital Equipment Finance division.

Bolo is based in Charlotte, NC, and will cover North Carolina, South Carolina, Tennessee, Alabama, Georgia, Florida, Virginia, and West Virginia. His focus will be on business development across a wide range of capital equipment loans and lease products touching on a variety of industries.

“Rob has 20-plus years of experience developing equipment-based financing solutions for Southeast companies,” said Robert Seltzer, managing director in Capital Equipment Finance. “He’s become a trusted partner for many clients particularly in manufacturing and energy sectors, but also across transportation, construction and marine.”

Based in Charlotte since the mid-1990s, Bolo held several sales roles at GE Capital through 2015, and most recently developed Southeast markets for Chicago-based MB Bank, which was acquired by Fifth Third in May.