The TC-CIT joint ventures were established in October 2014 through a 70% equity contribution by TC and 30% equity contribution by CIT.
It's important for the CIT director to have an ongoing training and evaluation plan for each CIT.
Parker, director of MIT's Plasma Fusion Center, say ignition would be likely with the CIT, they base their predictions on empirical extrapolations -- by scaling data from today's plasma experiments to the kinds of reactor-grade plasmas envisioned in the proposed CIT.
He is currently vice chairman of CIT Bank and previously served as president of consumer finance and small business lending at CIT.
Financing was provided by CIT Bank, the US commercial bank subsidiary of CIT.
The deal was structured and facilitated by CIT Capital Securities LLC, as Lead Arranger, and the financing was provided by CIT Bank, a wholly owned subsidiary of CIT.
John's leadership and invaluable contributions over the years have maintained CIT's position as a leading provider of factoring in the United States," said John Thain, Chairman and Chief Executive Officer of CIT.
Wessan will oversee the Capital Markets group which is responsible for structuring, pricing and distributing all financial products originated by CIT.
Financing was provided by CIT Bank, a wholly-owned subsidiary of CIT.
The loan portfolio was acquired from an undisclosed European bank by CIT Bank, a wholly-owned subsidiary of CIT.