CIT Group announced that Jonathan A. Lucas has been named President of CIT Trade Finance effective July 2, following the retirement of current CIT Trade Finance President John F. Daly on June 29. Lucas will report directly to Nelson Chai, President of CIT Group. Over his career, Lucas has worked with hundreds of middle market companies and their advisors to develop secured financing and factoring solutions to meet their business needs. Lucas most recently served as Chief Sales Officer of CIT Trade Finance. Daly has served as President of CIT Trade Finance since 1999. Prior to this, he was Executive Vice President and Senior Credit Officer of CIT Trade Finance and served in various other senior management positions since joining CIT in 1987.
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?