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CIT Expands Business Capital’s Business Development Team

June 27, 2018, 07:25 AM

CIT Group Inc. announced it is expanding its Business Capital team with the addition of two business development officers to help support growth initiatives for business technology solutions.

“Expanding our business development team will enable us to drive our growth agenda and continue to be a leader in technology solutions,” said John Paradisi, chief growth officer and head of business development for Business Capital.

“As the market continues to evolve toward technology managed services, CIT’s innovative structures and solutions will help customers quickly transition to the technology infrastructure of their choice,” Paradisi added. “These additions to our business development team will enable us to deliver the expertise and financing needed to meet that demand.”

Aaron Kaplan joins CIT as vice president of sales and business development in technology for CIT’s Equipment Finance unit with focus on the vendor channel. Kaplan has a background in technology sales and experience growing mid-market and small business finance volume through the reseller community. Kaplan was instrumental in the development and rollout of programs at Dell EMC and Hewlett Packard Financial Services.

Also joining CIT is Mike Hampton as vice president of business development in technology for CIT’s Equipment Finance unit with focus on the original equipment manufacturer space. Hampton is based in Silicon Valley but covers the entire U.S. with focus on manufacturers looking to leverage financing options to grow their business. Hampton brings deep experience in financial services in the OEM captive environment with positions at Cisco Capital, Apple and Juniper Networks.

Separately, Business Capital also is expanding the role of Chris Wren, vice president of business development franchise strategy, to encompass consumer-facing, multi-unit businesses in restaurants, hospitality and other franchised segments.

In this role, Wren will leverage his 17 years of experience at Yum Brands, parent company for KFC, Taco Bell and Pizza Hut. During his tenure at Yum, Wren worked in positions of increasing responsibility roles in domestic and international finance, strategy, franchising and business development. His prior experience also includes working for Dine Brands Global, parent of IHOP and Applebee’s, where he led their international franchising and development efforts.

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