NEW YORK — June 28, 2018 — CIT Group Inc. (NYSE: CIT) today announced that it has added a senior leader to its Communications & Technology Finance team in its Commercial Finance division.
Jason Cha joins CIT as director of originations, with primary responsibility for expanding its existing coverage network to better serve technology-oriented private-equity sponsors, including those based on the West Coast. The Communications and Technology group provides financing solutions to middle-market software, technology-enabled services and hardware businesses nationwide.
"Focusing on asset growth is a priority for our Communications & Technology Finance business. We are pleased to add Jason's significant experience in leveraged finance for technology sponsor portfolio companies," said Thomas Westdyk, managing director and group head for Communications & Technology Finance. "I am confident Jason will be a valuable contributor as we aim to increase our assets and expand our coverage nationally."
Cha began his career with the Leveraged Finance group at Lehman Brothers / Barclays Capital, where he focused on raising acquisition and other leveraged financings for leading technology private-equity sponsors.
CIT's Communications and Technology Finance group provides cash flow and asset based senior debt for communications and technology companies in the middle market throughout the United States.
About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of March 31, 2018. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com and follow us on Twitter, LinkedIn, YouTube and Facebook.