- Annual ABL & Factoring Survey Points to Strong Industry Growth
- First-of-its-kind Study Dimensions $4 Trillion Dollar U.S. Secured Commercial Finance Market
- Q3 2017 Asset-Based Finance Index Indicates Significant Growth
- Q1 2017 Asset-Based Finance Index Indicates “Historically Strong” Credit Quality
- Latest SFNet Asset-Based Lending Index Indicates Steady Growth
Commercial Finance Association Appoints Richard D. Gumbrecht as CEO
September 22, 2017
NEW YORK, September 22, 2017 –The Commercial Finance Association, the international trade group of the asset-based lending, factoring and supply chain finance industries, has announced that Richard D. Gumbrecht has been appointed CEO. Gumbrecht had been serving as interim CEO since January.
Gumbrecht was most recently the Chief Growth Officer at EverBank Commercial Finance (2010-2016). He has served as the Immediate Past Chairman of the Equipment Leasing and Finance Foundation (ELFF) Board of Trustees since 2015 and held the position of Chairman from 2013-2015. He is a 25 year veteran of the commercial finance industry, having led diversified lending platforms at GE Capital and co-founded a successful equipment finance company.
“Rich was selected to be the CEO of the Commercial Finance Association after the most thorough and systematic process ever conducted by stakeholders of the Association. The Management Committee is very impressed and thankful for the efforts of the Search Committee, comprised of Peter York, who led the effort, Jeff Walsh, representing the Commercial Finance Association staff, David Kurzweil, representing the CFA Education Foundation and at large members, Michael Monk and Betty Hernandez. Rich’s experience within the asset-based lending industry, his long-term membership and role as an officer of the Equipment Leasing and Finance Association and his excellent financial management skills make him an outstanding choice for the position. The Management Committee of the Commercial Finance Association strongly supports Rich and believes that the Association will thrive under Rich’s management,” said Andrea Petro, 2017 Commercial Finance Association president, and executive vice president, Wells Fargo Capital Finance.
Said Gumbrecht, “I am thrilled to be part of this vibrant and invaluable community of lenders and service providers who do the important work of fueling our engines of commerce. I look forward to partnering with our members, staff and volunteers to help enable their success and deliver on our mission of ‘bringing together the resources that make capital work’.”
About Commercial Finance Association
Founded in 1944, the Commercial Finance Association is the international trade group of the asset-based lending, factoring and supply chain finance industries, with nearly 300 member organizations throughout the U.S., Canada and around the world. Commercial Finance Association provides education, networking opportunities and industry advocacy on a domestic and international basis to the commercial finance community.
Michele Ocejo, Director of Communications
Commercial Finance Association
firstname.lastname@example.org. (212) 792-9396