Management
Salvatore (Torey) V. Riso Jr. has served as Care's President and Chief Executive Officer since December 2009.
Mr. Riso formerly served as Care's Secretary and Chief Compliance Officer since February 2008 and has been employed by CIT Group since September 2005, serving as senior vice president and chief counsel of CIT Corporate Finance since March 2007. Prior to his current position at CIT Group, Mr. Riso served as chief counsel for our external manager, CIT Healthcare, and other business units of CIT Group. Between 1997 and 2005, Mr. Riso was in private practice in the New York office of Orrick Herrington & Sutcliffe LLP, where he worked in Orrick's global finance practice group. Mr. Riso received a BA in economics and history cum laude from UCLA, as well as a JD from the Loyola Law School of Los Angeles.
Paul F. Hughes has been our Chief Financial Officer and Treasurer since March 2009 and has served as our Secretary and Chief Compliance Officer since December 2009.
Mr. Hughes is Senior Vice President and Chief Financial Officer of the CIT Corporate Finance Unit. Mr. Hughes has over 30 years of finance and accounting experience, including 25 years with CIT. Mr. Hughes joined CIT in 1983 as a Manager in the Internal Audit Department. He has held a number of executive positions including a leadership position in CIT Equipment Finance where he was responsible for the financial operations and other management roles with the business unit. Most recently, Mr. Hughes served as Senior Vice President of Corporate Development where he handled all aspects of pricing, contract negotiations and internal/external coordination for acquisitions and dispositions of CIT businesses. Prior to joining CIT, Mr. Hughes was an Audit Manager at Coopers and Lybrand. Mr. Hughes is a graduate of Northeastern University in Boston, MA, with a B.S. in Business Administration. Mr. Hughes has also attended the Executive Management Program at the Tuck School of Business at Dartmouth. Mr. Hughes is a CPA, licensed in the State of New York.
Michael P. McDugall has been our Chief Investment Officer since May 2007.
Mr. McDugall has been a Managing Director and Head of Risk Management for real estate investment at our Manager, CIT Healthcare, since March 2007. In this capacity, he has overall credit responsibility for the real estate investment portfolio of our Manager. Prior to joining our Manager, Mr. McDugall held a variety of management roles at GE Commercial Finance Real Estate from December 1987 to March 2007. From April 2002 until March 2007 Mr. McDugall served within GE's North American Equity Investment Division as a territory risk manager and credit officer within the Business Development and Direct Investments Groups from April 2005 until March 2007 and before that within the Strategic Joint Venture Group from April 2002 until April 2005, where his responsibilities included overseeing transaction structuring, underwriting due diligence, credit approvals and closing due diligence. Prior to joining GE, Mr. McDugall was a manager with the accounting firm of PricewaterhouseCoopers (successor firm to Coopers and Lybrand) from January 1984 until December 1987 where he practiced as a Certified Public Accountant. Mr. McDugall received a BS in Business Administration from LaSalle University.
