CIT Group added Marc Adelson to the company’s Commercial Services business as managing director and Northeast regional manager. In this position, Adelson will manage the largest region for the Commercial Services business and be responsible for new business development and portfolio management. He will report to CIT’s president of Commercial Services, Marc Heller.
“Adelson’s 30 years of experience in financial services and lending makes him a valuable addition to the team,” said Heller. “The Northeast region is where we have many longstanding client relationships and is also an area where we will continue to pursue growth and diversification initiatives.”
“I’m excited to play an integral role in delivering value for our clients and helping to sustainably advance business in the Northeast,” said Adelson.
Adelson joins CIT from Monroe Capital where he was a managing director responsible for middle market originations. Prior to that, he held senior positions with Medallion Financial, Capital Business Credit and Getzler Henrich & Associates. From 2000 to 2008, Adelson served as a co-head of business capital for CIT’s asset based lending group, and then as senior managing director of CIT Group UK, London.