Former Morgan Stanley exec joins CIT Group
NEW YORK — CIT Group, a leading provider of financing and advisory services to small businesses and middle market companies, has named Todd Harrington Northeast regional sales manager of CIT Trade Finance.
He will report to Marc Heller, Northeast regional manager and international manager of CIT Trade Finance.
“Todd is an asset to our team as we look to grow our factoring, asset-based lending, and accounts receivable management services in the Northeast region,” said Heller. “His sales and credit experience is a benefit to our business and his expertise in building new and existing relationships make him an excellent choice for this leadership role.”
Previously, Harrington was managing director and chief sales officer for CIT’s small business lending group, in which he was responsible for sales, marketing and relationship management related to all small business lending products in the United States, including small business administration programs.
Harrington joined CIT in January of 2007. Prior to CIT, Harrington was executive director, national sales for Morgan Stanley’s commercial financial services division. At CFS, Harrington had national responsibility for sales staff and strategy in support of small business and middle-market focused lending products. Previously at Morgan Stanley, Harrington served as the national director of business advisory services for the small and mid-sized business clients of the firm.
Prior to joining Morgan Stanley, Harrington held several VP-level banking positions at Chase Manhattan Bank/Chemical Bank, where he originated and syndicated leveraged buyouts and traditional middle market and small business banking transactions starting in 1992 when he graduated from Chemical Bank’s credit training program. Harrington holds a BS in management from Binghamton University.
CIT is a bank holding company with more than $35 billion in financing and leasing assets, which serves clients in more than 30 industries. CIT Trade Finance is a leading provider of factoring services in the United States for companies that sell into retail channels of distribution. It provides accounts receivable factoring, trade credit protection, accounts receivable management and asset-based lending to manufacturers and importers.