CIT Vendor Finance
(CVF) has promoted Paul Fazakerley to
business development director for Europe with immediate affect.

In his new role Fazakerley will be responsible
for the leadership and international coordination of CVF’s business
development activities, including identifying opportunities for
potential acquisitions.

CVF, which provides finance for manufacturers,
product resellers and distributors, is part of CIT, a US financing
company with more than $35 billion in finance and leasing

Previously, Fazakerley worked for another
division of CIT — European Avaya Financial Services.

“CIT is focused on growing and diversifying
our vendor financing business in Europe as we expand our global
programs, explore new programs, analyze market opportunities and
continue to provide value to our customers and vendor partners,”
said Nick Small, Managing Director for CIT Vendor Finance, Europe.
“Paul brings extensive experience in asset financing in various
sales and leadership roles across Europe and will play an important
role in our global growth strategy.”

Before CVF, Fazakerley worked in sales and business development
roles at GE
Capital Equipment Finance
HSBC Asset Finance