Daily News: May 23, 2012

CIT Appoints Wessan Group Head of CIT Capital Markets

CIT Group Inc. announced the appointment of Neil Wessan as managing director and group head of CIT Capital Markets, effective immediately. He will report directly to CIT Corporate Finance co-heads Pete Connolly and Jim Hudak.

Connolly and Hudak said, “Neil’s nearly three decades of experience in raising capital for companies will be important as we work to provide much-needed financing to the middle market sector. We look forward to working closely with Neil whose appointment will further enhance our reputation as a leading provider of middle market financing.”

Wessan will oversee the Capital Markets group, which is responsible for structuring, pricing and distributing all financial products originated by CIT.

Prior to CIT, Wessan served as head of Capital Markets for Gleacher & Company. Before this, he was a founding principal at Halsey Lane Holdings, and served as managing director and co-head of Jefferies & Company’s Leveraged Loan Capital Markets and Syndications Group. Earlier he held senior level positions with various financial institutions, including CIBC World Markets, ING Barings and Bankers Trust, over the course of his 28-year career.