EverBank Commercial Finance expanded its equipment finance team with the recent hiring of Michael Fuoti as business development manager.

In this role, Fuoti will focus on originating equipment and infrastructure asset financing opportunities in and around the rail, marine and intermodal sectors.

Fuoti has over 20 years of success in originations, structuring, placements and syndication with expertise in transportation equipment, infrastructure assets and project finance. He most recently served as director of structured asset finance at Commonwealth Bank of Australia. Previously, Fuoti worked at BB&T Equipment Finance, RBS Asset Finance and CIT Group.

“Michael has a long history of successful transaction executions and closings with a deep understanding of the industry,” said Ken Walters, EverBank Capital Equipment Finance managing director. “We’re excited to have him on the team and to draw on his expertise.”

EverBank Commercial Finance, a subsidiary of EverBank, provides equipment finance, asset-based lending and specialized financial solutions to U.S.-based businesses through its Capital Equipment Finance, Vendor Equipment Finance and Lender Finance businesses.