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Executive Management Committee Profile Image - Jim Hudak

Jim Hudak

President, Commercial Finance

Jim Hudak is President of CIT Commercial Finance. He has more than 25 years of experience in corporate and leverage banking, specifically targeting middle-market companies. He has served in a number of capacities on the credit, underwriting and origination sides.

Hudak’s areas of expertise include private equity and M&A trends, capital markets and trends and convergence in the media, information services and technology, entertainment and gaming, sports and communications sectors.

In the mid-1980s, Hudak started his career in a commercial real estate bank training program at Philadelphia National Bank. Hudak was soon working at Merrill Lynch, followed by Citibank, where he worked in the Leveraged Finance division, leading many middle-market transactions. In 1991, he joined AT&T Capital in its Capital Markets Division and focused on large project financings and leverage leases. He soon joined with a partner and co-founded AT&T Capital's Telecom Group, eventually augmenting it with media, entertainment and other technology sector capabilities. Over the years, Hudak successfully guided the group through several accretive acquisitions, including Nomura, Newcourt Capital, Tyco and CIT.

For the past six years, Hudak has run the Corporate Finance Group at CIT, which comprises leading industry verticals in Aerospace & Defense, Commercial & Industrial, Communications, Media & Entertainment, Energy and Healthcare. The group is dedicated to servicing the specialized financing and advisory needs of small- and middle-market companies in the U.S. and Canada.

Hudak received a BA from Bucknell University and an MBA from Cornell University. He is a former officer in the U.S. Army and Army Reserves.