GE Commercial Finance's Joseph F. Nemia Named President of the Commercial Finance Association.NORWALK, Conn. -- GE Commercial Finance - Corporate Lending today announced that Senior Managing Director Joseph F. Nemia has been elected as the new President of the Commercial Finance Association (CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. ). Founded in 1944, the CFA is the trade group of the asset-based financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, with members throughout the U.S., Canada and around the world. Members include the asset-based lending Asset-Based Lending A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable and/or other balance-sheet assets. Also known as "commercial finance" or "asset-based financing". arms of domestic and foreign commercial banks, small and large independent finance companies, floor plan financing organizations, factoring organizations and financing subsidiaries of major industrial corporations. Mr. Nemia joined GE Commercial Finance in 1992 and has been instrumental in building its Corporate Lending arm into a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. provider of financial solutions for middle-market companies. During his tenure, Mr. Nemia delivered seven consecutive years of growth for the East Region while establishing Corporate Lending in key areas such as restructuring, retail, steel & diversified metals, automotive, transportation and the second lien A Second lien financing is a form of financing secured on a second ranking basis by (more or less) the same security, which secures the first ranking financing. The first lien lenders and the second lien lenders agree that, in the event of a security enforcement or bankruptcy, the market. Mr. Nemia was recently named head of Specialty Finance, where he will continue to lead Corporate Lending's restructuring, retail and transportation efforts while building new competencies in project finance and securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. . "Joe has been a cornerstone of this business since its inception and is widely recognized as a growth leader within GE," said Tom Quindlen, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , GE Commercial Finance - Corporate Lending. "The CFA will continue to benefit, as we have, from Joe's deep industry knowledge and strong leadership style." Mr. Nemia is a past recipient of the CFA "Instructor Award of Excellence" in recognition of his contributions to industry education. He has also served on the CFA's Executive Committee and Management Committee, as well as several CFA seminar and convention panels. About GE Commercial Finance GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $232 billion and is headquartered in Stamford, Connecticut. GE (NYSE NYSE See: New York Stock Exchange : GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customer in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at ge.com. |
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