CIT Group’s Capital Equipment Finance business has named Rob Bolo director for the Southeast region.

Bolo will be is based in Charlotte, NC, and will cover North Carolina, South Carolina, Tennessee, Alabama, Georgia, Florida, Virginia and West Virginia. His focus will be on business development across a wide range of capital equipment loans and lease products touching on a variety of industries.

“Rob has 20-plus years of experience developing equipment-based financing solutions for Southeast companies,” said Robert Seltzer, managing director in Capital Equipment Finance. “He’s become a trusted partner for many clients particularly in manufacturing and energy sectors, but also across transportation, construction and marine.”

Based in Charlotte since the mid-1990s, Bolo held several sales roles at GE Capital through 2015, and most recently developed Southeast markets for Chicago-based MB Bank, which was acquired by Fifth Third in May. Bolo has a degree in mechanical engineering from West Virginia University.

Capital Equipment Finance, part of CIT’s Commercial Finance division, is a provider of equipment financing solutions. Working directly with middle market and large cap businesses, the unit specializes in providing equipment loans and leases with flexible terms and rates tailored to the equipment and credit strength of the borrower.