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.
 
Mssrs. 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.

About CIT Capital Markets
 
CIT Capital Markets is a leading provider of financial products and services to corporate institutions around the world. The group raises capital for CIT clients and distributes loans and other debt and equity products to investors. With access to state-of-the-art technology and a commitment to superior execution, it provides the highest possible level of service and industry knowledge.