LIVINGSTON, N.J. & SHANGHAI -- (BUSINESS WIRE) --
CIT Vendor Finance, a leader in developing business solutions for small businesses and middle market companies for the acquisition of equipment and value-added services, today announced the appointment of Lily Shen as Chief Financial Officer of CIT Vendor Finance Asia. Based in Shanghai, Shen will be responsible for financial and regulatory reporting, financial planning, pricing and accounting practices, as well as funding and tax for CIT Vendor Finance Asia.
“Lily brings a wide range of finance experience that will be extremely valuable as we continue our focus on meeting the financing the needs of our customers in Asia,” said Adrian Pang, Managing Director, CIT Vendor Finance Asia.
Shen has nearly 16 years of experience in financial services and consulting. She was most recently with HSBC where she held various roles of increasing responsibility in controllership, financial planning and analysis and treasury. Prior to HSBC, Shen spent nearly four years with KPMG as an auditor. She holds a B.A. in Business Administration from Shanghai University of Finance & Economics and is a licensed CPA and a member of the Association of Chartered Certified Accountants (ACCA).
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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 or for Chinese click here.
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
CONTACT:
CIT MEDIA RELATIONS:
C. Curtis Ritter, 973-740-5390
Director of Corporate Communications
Curt.Ritter@cit.com
or
Matt Klein, 973-597-2020
VP, Media Relations
Matt.Klein@cit.com
or
Lily Huang, +862161602288
Marketing Manager, CIT Vendor Finance, Asia
Lily.Huang@cit.com