CIT Group Inc. announced that it has named Chris Esposito as managing director in charge of its newly expanded Asset-Based Lending business. In this role, Esposito is responsible for managing the Asset-Based Lending team, overseeing the national ABL business, building new client relationships, developing strategies to address new target markets and ensuring outstanding customer service and satisfaction. Esposito will lead a team of asset-based origination bankers, including industry veteran James Conheeney, supported by experienced execution co-heads, Robert Klein and Anthony Masci. Matthew Lesser and Steve DiGiovanna will also join the ABL team to support the growth of the business.