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CIT Group, MUFG Union Bank appoint managing directors

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CIT Group, MUFG Union Bank appoint managing directors

S&P Global Market Intelligence presents a daily roundup of management and board changes in the bank and thrift industry. This feature excludes C-level leadership changes and stories previously covered by S&P Global Market Intelligence.

New York-based CIT Group Inc. appointed Thomas Affolter managing director for originations.

Affolter joins the company's sponsor finance team from Goldman Sachs Group Inc.'s specialty lending group in Chicago.

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Elizabeth Van Benschoten joined MUFG Union Bank NA's real estate industries group as managing director and market manager for community development finance in Northern California.

Van Benschoten was previously with nonprofit financial intermediary Bridge Impact Capital, where she was president.

The New York-based bank is a unit of MUFG Americas Holdings Corp.

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Green Bay, Wis.-based Associated Bank NA promoted Joshua Smith to senior vice president, manager of financial planning and insurance solutions.

Smith has been with the Associated Banc-Corp unit since 2003.