John Daly
President, CIT Trade Finance
John F. Daly is President of Trade Finance the number one provider of factoring services in the U.S. for companies that sell into retail channels of distribution.
Areas of expertise:
Daly draws upon more than 30 years of experience in credit administration and secured lending. Before being named President in 1999, he was Executive Vice President and Senior Credit Officer of CIT Commercial Services. In that position, he was responsible for risk management, asset quality and employee development and training.
He led the acquisition and integration of the HSBC, GE and SunTrust factoring portfolios. Today, CIT Commercial Services (Europe) represents CIT in the European factoring market. Daly has always been actively involved in business development and client relationship management while monitoring account growth and assuring superior credit quality.
He has worked closely with manufacturers and retailers throughout his career, which began in 1973 in the credit department of Manufacturers Hanover Commercial Corporation.Daly is involved in a number of apparel, textile and credit groups, including the Turnaround Management Association and the Commercial Finance Association. Daly is on the board of the Fashion Institute of Technology Educational Foundation. He is also a National Trustee of the National Jewish Medical and Research Center. Daly earned a BS in Economics from St. John’s University. He also attended a graduate program in finance at Baruch College and the Wharton Advanced Management Program.
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Members of the press who have an interest in speaking with this executive can contact curt.ritter@cit.com .