CIT appointed Kevin Ronan national sales director for its capital equipment finance business. Ronan, who also was promoted to senior vice president, will be based in New York and will oversee business development within capital equipment finance for CIT’s direct and indirect sales channels.

“During his time at CIT, Kevin has demonstrated outstanding customer focus and commitment to client satisfaction,” David Harnisch, president of CIT’s commercial and real estate finance division, said. “His expertise in origination and sales management will help drive the continued growth of the business.”

“CIT has a very strong reputation as an industry leader in both leasing and financing of capital equipment,” Ronan said. “Our entire team looks forward to continuing to build on that legacy to better serve new and existing customers with the financial products they need to grow their business.”

Ronan joined CIT in 2012 and, in his most recent role, was responsible for the indirect channel and for maintaining relationships with bank and non-bank partners.

Prior to joining CIT, Ronan worked as a senior level equipment finance sales executive at RBS Asset Finance, Young America Capital and GE Capital.