New York, NY (PRWEB) October 08, 2015
On October 1, the Commercial Finance Association (CFA) announced its new Executive and Management Committees for 2016. The Committees, comprised of key leaders in the commercial finance industry, will guide the Association, make policy decisions, confirm new members and provide advocacy, education and thought leadership for the industry.
Jonathan Lucas, President of CIT Commercial Services, will serve as a member of the 2016 Executive Committee.
“I am very excited to be joining the CFA Executive Committee,” said Mr. Lucas. “As one of the nation’s leading providers of factoring and financing to consumer product companies CIT understands the importance of the CFA as an advocate for the commercial finance industry. I look forward to working with the talented group of industry leaders that serve on the Committee.”
Mr. Lucas previously served as Chief Sales Officer and Northeast Regional Manager for CIT Commercial Services and was responsible for client service and retention, business development and client credit quality. He has spent his career developing financing solutions for companies in all stages of the business cycle. Before becoming Regional Manager in 1998, he was head of business development for the Northeast Region. Mr. Lucas was responsible for increasing factoring, credit protection and asset-based lending business, primarily in the apparel, textile, housewares and home furnishings industries.
He also spent two years developing new business in CIT’s Business Credit unit. In that position, he was responsible for customizing financing alternatives to suit a variety of business needs, including working capital and growth financing, debt restructuring and debtor-in-possession financing. Before joining CIT, Mr. Lucas was with Fleet Bank’s middle market lending group and Chemical Bank.
Mr. Lucas earned a BA in economics from Muhlenberg College and an MBA in Finance and Accounting from the University of Pittsburgh.
“The CFA wouldn’t be where it is today without all the hard work, dedication and insight of our Executive and Management Committees. Looking to the future, we are able to continually take CFA to the next level because of the commitment and engagement of our leaders and members,” stated Bob Trojan, CFA’s Chief Executive Officer.
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. CFA provides education, networking opportunities and industry advocacy on a domestic and international basis to the commercial finance community.