LIVINGSTON, N.J. & SANTA FE, Mexico--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of financing and advisory services to small businesses and middle market companies, today announced that it relocated its Mexico office to Mexico City’s district of Santa Fe, as it looks to increase its market share and take advantage of the growth opportunities in the Mexican equipment financing market. The 1,470 square meter (15,800 square foot) office, located at Javier Barros 540, Lomas de Santa Fe, Alvaro Obregon employs 110 individuals and offers CIT greater proximity to its customers and additional space to grow its business.
“This full service office will serve as our Mexican headquarters, supporting our business in Mexico,” said Ron Arrington, President of CIT Vendor Finance. “As we look to grow our business, this office and its employees will play a critical role in taking advantage of the equipment financing opportunities throughout Mexico.”
CIT has had a presence in Mexico since 1994. The state-of-the-art office will support CIT Mexico and service CIT’s clients in the construction, IT, office products, printing, telecomm and transportation sectors.
Ramon Luna Torres, Country Manager for CIT Mexico said, “CIT Mexico is committed to providing unparalleled customer service to its customers and this new location provides us greater access to many of our key vendor partners.”
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About CIT Vendor Finance
CIT Vendor Finance is a leader in developing business solutions for small businesses and middle market companies for the acquisition of equipment and value-added services. It creates tailored equipment financing and leasing programs for manufacturers, distributors and product resellers across industries that are designed to help them increase sales. Through these programs, it provides equipment financing and value-added services, from invoicing to asset disposition, to meet its customers’ needs. cit.com/vendorfinance
About CIT
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35 billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com
