CIT grows structured business in London

CIT Group, the New York-based commercial and consumer finance provider, has appointed two senior managing directors in its London office.

Graham Randell, formerly head of the London-based business, will head the European effort, focusing on the leveraged finance and private equity middle-market side of the business.

Marc Adelson, who was co-president of CIT Business Capital in New York, has moved to London as Randell's deputy, also as a senior managing director. He will focus on senior and subordinated debt providers in mergers and acquisitions and restructuring.