CIT Group Inc. (NYSE: CIT), a leading global provider of commercial and consumer finance, today opened its Shanghai Shared Services Center. The service center will support CIT Vendor Finance’s customers throughout the Asia Pacific region and demonstrates CIT’s commitment to growing its international franchise.

"This opening is a strategic milestone in our international growth strategy,” said Thomas B. Hallman, Vice Chairman of CIT. "We believe the consolidation of our servicing and financing capabilities through our Shanghai operations will improve efficiencies and drive increased growth in the region. As we grow our global business we will continue to invest to meet the growing demand for CIT’s financing and servicing capabilities throughout the Asia Pacific region."