CIT has appointed of Vincent (Vince) Belcastro (46) as managing director and group head of CIT Capital Equipment Finance. He will report directly to Burt Feinberg, group head of CIT Commercial & Industrial.

Belcastro said: “CIT has a long history as being a leader in middle market equipment financing. Our team will provide financial solutions for the purchase and lease of large ticket equipment, as well as project finance-related activities across our corporate finance focus industries. Our deep industry expertise will allow us to provide sophisticated financing solutions that add value to our customers’ businesses.”

Prior to this appointment, Belcastro served as senior risk officer within CIT Corporate Finance. He was instrumental in the launch, team build-out and integration of CIT’s Problem Loan Management and Healthcare groups.

Before joining CIT in 2001, he served in a variety of senior relationship management positions at Citibank N.A. where he was responsible for sourcing and structuring new corporate financing and leasing transactions.

Prior to Citibank, he held several transaction-oriented credit positions, at both Republic National Bank and Deutsche Bank, supporting deal-related financing activities in Latin America and Asia.

Belcastro has BS degrees in Economics and Finance from Saint Francis College. He also completed the Deutsche Bank credit training program.

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