v CIT Group Appoints New President of CIT Commercial Services | California Apparel News

FINANCE

CIT Group Appoints New President of CIT Commercial Services

CIT Group Inc., a provider of commercial lending and leasing services, announced that Marc Heller will be the new president of CIT Commercial Services, a major factor in the apparel industry.

Heller will take on his new job on Feb. 1, following the Jan. 31 retirement of Jon Lucas, the current president of CIT Commercial Services. Heller will report directly to Steve Solk, president of CIT Business Capital.

“Marc has performed an integral role helping to finance the consumer products community for more than 40 years,” Solk said. “He’s also played an important role within CIT Commercial Services and is well-regarded for developing and growing client relationships and for delivering best-in-class financing solutions. I’m looking forward to working with Marc and his team as they continue to develop and expand our factoring and financing platform.”

Prior to being appointed president of CIT Commercial Services, Heller served as the Northeast regional manager and international manager for the business unit.

He joined CIT in January 2004 when CIT acquired the factoring portfolio of HSBC. He had previously held the position of executive vice president and New York regional manager of HSBC Business Credit (USA) Inc. Heller had been with HSBC and its predecessor, Republic Business Credit Corp., since 1991 and has been in the financial services industry since 1970.