Cisco Systems Capital, a wholly-owned subsidiary of Cisco Systems and the company’s global captive finance business, named Nick Small president. He will lead the company’s global captive finance business.

Previously, Small served as vice president of financial global shared services at Cisco and was responsible for Cisco Capital’s global operations, global payroll, global disbursements and global portfolio management, including all elements of Cisco’s invoice to cash processes.

“I am thrilled that Nick will lead Cisco Capital into its next chapter,” Scott Herren, executive vice president and CFO at Cisco, said. “He brings the experience needed to lead the development of innovative financial and lifecycle management tools so we can continue enabling our customers and partners in their transformation journeys.”

Prior to Cisco, Small served as managing director of CIT’s U.S. equipment finance business, interim managing director for CIT Vendor Finance Europe, and chief operations officer and director of shared services for CIT Global Vendor Finance, overseeing the consolidation of technology and service platforms of various entities into one operation.

During his 30-year tenure in the equipment finance industry, Small has gained a wealth of experience, including experience in sales leadership, operational excellence, portfolio management, and global technology and process implementation.