CIT Reorganizes Structure of Factoring Business

CIT reorganized its commercial services factoring business, with Marc Heller, president of CIT commercial services, now reporting directly to Peter Bristow, president of First Citizens Bank, and Michael Hudgens now leading commercial services as managing director and group head.

March 8, 2022 CIT | First Citizens Bank | Marc Heller | Michael Hudgens | Peter Bristow Ian Koplin

CIT Appoints Esposito Managing Director for Asset-Based Lending Unit

CIT Group named Chris Esposito managing director in charge of its newly expanded asset-based lending business. Esposito will be responsible for managing the asset-based lending team and overseeing the national ABL business.

July 10, 2020 Anthony Masci | Chris Esposito | CIT Group | David Harnisch | James Conheeney | Marc Heller | Matthew Lesser | n Robert Klein | Steve DiGiovanna Phil Neuffer

Harm Joins CIT as Commercial Services Managing Director

Neal Harm joined CIT Group’s Commercial Services business as managing director overseeing strategy, business development and project management. He will report to Commercial Services President Marc Heller.

March 27, 2019 CIT Group | Marc Heller | Neal Harm | Tom Fingleton ckirtley

Obermueller Joins CIT Supply Chain Finance Unit

CIT Group named Joerg Obermueller as the managing director of the Supply Chain Finance business within the company’s Commercial Services division.

July 31, 2018 CIT Group | Joerg Obermueller | Marc Heller ABF Journal

CIT Names Former Monroe MD Adelson to Commercial Services Team

Marc Adelson joined CIT’s Commercial Services business as managing director and Northeast regional manager. Adelson joined from Monroe Capital where he was a managing director.

October 6, 2017 CIT Commercial Services | CIT Group | Marc Adelson | Marc Heller Terry Mulreany

CIT Commercial Appoints Western Regional Sales/Portfolio Manager

CIT Commercial Services appointed Darrin Beer as western regional sales and portfolio manager. Beer has served with CIT since 1999, when it acquired the factoring portfolio of Heller Financial.

August 12, 2016 CIT Commercial Services | Darrin Beer | Marc Heller ABF Journal

The Facts About Factoring: How CIT Commercial and Its New President, Marc Heller, Have Evolved

Last January CIT Commercial Services named industry veteran Marc Heller president of the division, succeeding Jon Lucas. Heller responds to ABF Journal’s questions, provides insights into his personal experiences in factoring and offers some history of the industry and a look ahead.

March 11, 2016 CIT Group | Marc Heller ABF Journal

CIT Appoints Heller President of CIT Commercial Services

CIT has named Marc Heller president of CIT Commercial Services following the retirement of current president Jon Lucas.

January 7, 2016 CIT Commercial Services | Jon Lucas | Marc Heller ABF Journal