Eduard Vernède joined CIT Group as managing director in its Aerospace, Defense & Government Services business.

In his new role, Vernède will largely be focused on CIT’s lending activity to serve the multibillion-dollar government and defense contractor industry, as well as supporting the aerospace segment. His responsibilities will include developing new client relationships, identifying new target markets and ensuring outstanding customer support and satisfaction. His coverage territory will primarily focus on the Washington D.C. beltway region and adjacent areas.

“Eduard is an experienced and accomplished financial professional with demonstrated expertise in aerospace, defense and government services,” John Heskin, managing director and group head for CIT’s Aerospace, Defense and Government Services business, said. “We look forward to his contributions as we reaffirm our commitment to supporting this vital sector.”

“We are pleased to have Eduard join our team of seasoned bankers helping support our clients and growth in this dynamic industry sector,” David Harnisch, head of CIT’s Commercial and Real Estate Finance business, said.

Vernède previously worked at Lloyds Banking Group, where he directed the company’s aerospace and defense group in North America. Prior positions included roles at Royal Bank of Scotland and ABN AMRO.

CIT’s Aerospace, Defense & Government Services group, part of the company’s Commercial Finance division, provides integrated financial solutions for manufacturers, suppliers and service providers in the aerospace, defense, homeland security and government services markets.