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May 20, 2011updated 12 Apr 2017 4:14pm

CIT Vendor Finance appoints European business develoment director

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 CVFs 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 assets.

By Nick Huber

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 assets.

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 and HSBC Asset Finance.

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