Commercial lender CIT Group said today it named Neil Wessan a managing director and head of its capital markets group, effective immediately.

Wessan, who was formerly held a similar position at Gleacher & Co., will report directly to CIT corporate finance co-heads Pete Connolly and Jim Hudak.

“Neil’s nearly three decades of experience in raising capital for companies will be important as we work to provide much-needed financing to the middle market sector,” Connolly and Hudak said in a joint statement.

CIT’s capital markets group is responsible for structuring, pricing and distributing all financial products originated by the firm.

Prior to CIT, Wessan served as head of capital markets for Gleacher; before this, he was a founding principal at Halsey Lane Holdings, and served as managing director and co-head of Jefferies’ leveraged loan capital markets and syndications group. Earlier he held senior level positions with various financial institutions, including CIBC World  Markets, ING Barings and Bankers Trust.

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