CIT | September 08, 2021
CIT Group Inc. (NYSE: CIT) today announced that Eduard Vernède has joined the company as managing director in CIT's Aerospace, Defense & Government Services business.
In his new role, Vernède will largely be focused on CIT's lending activity to serve the multibillion-dollar government and defense contractor industry, as well as supporting the aerospace segment. His responsibilities will include developing new client relationships, identifying new target markets and ensuring outstanding customer support and satisfaction. His coverage territory will primarily focus on the Washington D.C. beltway region and adjacent areas.
"Eduard is an experienced and accomplished financial professional with demonstrated expertise in aerospace, defense and government services," said John Heskin, managing director and group head for CIT's Aerospace, Defense and Government Services business. "We look forward to his contributions as we reaffirm our commitment to supporting this vital sector."
"We are pleased to have Eduard join our team of seasoned bankers helping support our clients and growth in this dynamic industry sector," said David Harnisch, head of CIT's Commercial and Real Estate Finance business.
Vernède previously worked at Lloyds Banking Group, where he directed the company's aerospace and defense group in North America. Prior positions included roles at Royal Bank of Scotland and ABN AMRO.
CIT's Aerospace, Defense & Government Services group, part of the company's Commercial Finance division, provides integrated financial solutions for manufacturers, suppliers and service providers in the aerospace, defense, homeland security and government services markets.
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network.
CTA | May 06, 2020
U.S. Trade Representative’s Office to waive tariffs on a wide range of Chinese-made products as a result of the coronavirus pandemic, including drones, robots, personal computers and 3D printers.
Tariff waivers should be granted for sensors and cameras used by doctors to provide telehealth services, robots that can sterilize infected surfaces, 3D printers, drones that can deliver medical supplies.
The American Chemistry Council asked that tariffs be waived on essential inputs into U.S. manufacturing of cleaning and disinfectant products.
Major U.S. firms and trade groups want the U.S. Trade Representative’s Office to waive tariffs on a wide range of Chinese-made products as a result of the coronavirus pandemic, including drones, robots, personal computers and 3D printers.
In March, USTR said it would not impose tariffs on ventilators, oxygen masks, and nebulizers after previously granting exclusions on a large number of health-related products. At the time, the agency opened a docket for businesses and others to raise concerns about existing tariffs “relevant to the medical response to the coronavirus.”
The Consumer Technology Association (CTA) and several other industry bodies said in letters made public on Monday that the waivers should be far broader than those directly related to COVID-19 medical care.
Read More: 4 ways government can use AI to track coronavirus
Tariff waivers should be granted for sensors and cameras used by doctors to provide telehealth services, robots that can sterilize infected surfaces, 3D printers, drones that can deliver medical supplies, wireless hotspots and laptops for schoolchildren and networking equipment in data centers, for example, CTA said.
These tariffs are not only a barrier to the entry of necessary products, they are a tax on businesses and consumers that has become ever more harmful as many enter ‘survival mode,’
The Group Wrote USTR.
The National Elevator Industry asked USTR to lift duties on elevator and escalator parts and components that are “essential to the functions of healthcare facilities, hospitals and medical equipment factories.”
Tariffs should be waived on personal computers, monitors, printers, ink, toner, workstations, servers and other electronics because they are used by all essential critical infrastructure workers, including doctors and nurses,
Computing Technology Industry Association
The American Chemistry Council asked that tariffs be waived on essential inputs into U.S. manufacturing of cleaning and disinfectant products, material used in making personal protective equipment, packaging and wipes, and chemicals used in the U.S. manufacturing of cough and cold medicines.
The American Apparel & Footwear Association asked USTR to expand an exemption to include reusable masks, while a software group asked for waivers for networking equipment used to support connectivity within healthcare and other fields.
Hilo Industries LLC asked USTR to waive tariffs on hand sanitizer. Other firms have asked for tariffs to be waived on hand dryers used in commercial buildings.
Read More: US Government Pursues National Strategy to Secure 5G Communications
About Consumer Technology Association
Consumer Technology Association (CTA)™ is the trade association representing the $398 billion U.S. consumer technology industry, which supports more than 15 million U.S. jobs. More than 2,200 companies – 80 percent are small businesses and startups; others are among the world’s best-known brands – enjoy the benefits of CTA membership including policy advocacy, market research, technical education, industry promotion, standards development and the fostering of business and strategic relationships. CTA also owns and produces CES® – the world’s gathering place for all who thrive on the business of consumer technologies. Profits from CES are reinvested into CTA’s industry services.
Carahsoft | July 18, 2020
Pavilion Data Systems, Inc. and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will serve as Pavilion’s public sector distributor and make Pavilion Hyperparallel Flash Arrays (HFA) available to Federal agencies through Carahsoft’s NASA Solutions for Enterprise-Wide Procurement (SEWP) V contracts and reseller partners. “Carahsoft has built its reputation on a proven track record of helping government agencies find the best possible technology solution at the best possible value,” said Michael Tanner, Regional Vice President and Head of the Federal Business for Pavilion Data Systems. “Carahsoft is the leader across the Federal marketplace of manufacturers, reseller partners and systems integrators, and Pavilion is proud to be part of their highly vetted network of partners.” Pavilion’s HFA is the first NVME-Over-Fabrics of storage array. This end-to-end media product host accelerates legacy and modern data application performance for agencies and supports mission-critical government applications by providing machine learning, big data analytics solutions and artificial intelligence capabilities on a small, fast and dense system without compromising reliability or resilience. This multi-controller architecture allows various protocols to be transmitted simultaneously to provide parallel, high performance block, file and object data access.