CIT Names New Business Development Leaders and Team Leader in Commercial Services

CIT hired Howard Moore and Paul Pagano as business development directors in the Northeast and promoted Michael Rayner to director and team leader in the West for its commercial services business.

Moore and Pagano will be based in New York and hold responsibility for developing, maintaining and expanding client and prospect relationships across a range of business verticals.

“Howard and Paul are experienced financial professionals with the expertise and skill sets needed to help grow our business,” Tom Fingleton, managing director and Northeast regional manager for CIT Commercial Services, said. “The addition of these leaders demonstrates CIT’s commitment to supporting our clients and continuing to drive growth in this sector.”

Moore joined CIT after most recently serving as vice president at Revolution Capital. Having specialized in multiple industry segments, he has 15 years of experience in factoring, asset-based lending and specialty lending, having earlier worked in development positions at various financial institutions, including Rosenthal & Rosenthal and Gerber Finance.

Pagano joined CIT from Milberg Factors, where he served as vice president. He has 25 years of financing experience in a range of industries, including factoring and commercial finance, apparel and design. Pagano earlier served in leadership positions at Global Design Concepts, Ike Behar Apparel and Design, Le Tigre and Christian Dior Couture.

Based in Los Angeles, Rayner will help cover the western region with responsibility for leading a team of account executives in overseeing and growing their respective portfolios while also managing risk and driving growth.

“Michael’s tenure with CIT and his deep experience in supporting clients make him the perfect choice to lead this team of bankers in providing factoring and other financial services throughout the region,” Darrin Beer, managing director and western regional manager for CIT Commercial Services, said.

Rayner has been with CIT for more than 20 years, most recently serving as a vice president and account executive in commercial services. He previously served as a senior underwriter at CIT and held various positions at Heller Financial, including underwriter, unit manager and credit analyst. Rayner has experience in portfolio management, client relations and new business generation.