CIT Names Director to Technology, Media and Telecommunications Group

CIT Group Inc. (NYSE: CIT) has appointed Mihir J. Shah as director of technology originations in its Technology, Media and Telecommunications business.

In his new role, Shah will have primary responsibility for expanding the business’s existing coverage network on the West Coast to better serve technology-oriented private-equity firms, venture capital firms and entrepreneurs. His focus will be to drive asset growth, underwriting business and cross-sell financial products and services.

“Mihir is a skilled financial professional with the expertise and agility to empower customers to reach their goals,” said Thomas Westdyk, managing director and group head for the Technology, Media and Telecommunications business. “We’re pleased to welcome him to our team and look forward to his accomplishments on behalf of our customers.”

Prior to joining CIT, Shah worked at Citigroup and Société Générale, where he focused on advisory, capital raising and leveraged finance assignments for leading technology private-equity sponsors.

CIT's Technology, Media and Telecommunications group provides recurring revenue, cash flow, real estate and asset based senior debt for middle market companies throughout the United States.

About CIT

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of Sept. 30, 2019, and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company’s commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing. CIT’s consumer banking segment includes its national online bank, CIT Bank, and a Southern California branch bank, OneWest Bank, a division of CIT Bank, N.A. Discover more at cit.com/about.

 MEDIA RELATIONS:

John M. Moran
212-461-5507
john.moran@cit.com