CIT Group adds Wessan as managing director, head of Capital Markets

By Tali David

Minneapolis, May 23 - CIT Group Inc. has appointed Neil Wessan as managing director and group head of CIT Capital Markets, according to a press release.

Before joining CIT, Wessan served as head of capital markets for Gleacher & Co. Before this, he was a founding principal at Halsey Lane Holdings and served as managing director and co-head of Jefferies & Co.'s leveraged loan capital markets and syndications group. He also held senior-level positions at CIBC World Markets and ING Barings and Bankers Trust.

"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," CIT Corporate Finance co-heads Pete Connolly and Jim Hudak said in the release.

CIT Group is a New York-based bank holding company that provides business loans for middle-market companies and small businesses.

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