CIT Vendor Finance announced the appointment of four management positions in Europe as the firm continues the development of its sales proposition in France, Germany and the UK.
 
Vincenzo Scalzone has been named CIT’s sales leader in France. Vincenzo joined CIT from De Lage Landen (DLL) where he led the firm’s sales team in France. Vincenzo is focused on growing and developing CIT’s core vendor finance business within the office equipment, IT and telecoms markets.

Bernhard Kueppenbender joined CIT to spearhead the group’s sales effort in Germany, a market that will form a key part of the firm’s expansion plans. He comes to CIT from DISKO Leasing where he ran the company’s sales teams across Northern Europe.

Meanwhile in the UK, Robert Ferguson joined CIT to manage the Lenovo Financial Services program across Europe. A vendor finance specialist with more than 20 years of experience in the industry, Rob joined CIT from Microsoft where he had previously held various leadership roles within the Microsoft Financing Program.

In a further strengthening of the commercial team, Mick Barber moved into the role of European Program Manager for Avaya Financial Services. Mick was formerly European syndications manager at CIT and has held numerous roles in the industry.
 
“Europe offers a tremendous opportunity for CIT,” said Rich Green, President of CIT Europe. “These hires demonstrate CIT’s commitment to developing business in Europe. We are investing in talent and our wider business at a time when many of our competitors are considering their position in the market.

“CIT Vendor Finance has experienced strong performance in Europe with volumes up significantly in the first nine months of this year,” he added. “These hires demonstrate our continued investment in the future of our European business. An increasing numbers of SME’s are searching out ways to fund their equipment purchasing needs. Given our track record in developing and delivering finance solutions, we believe we are ideally placed to help these businesses grow and prosper.”