The Commercial Finance Association (CFA) announced that Albert Spada, Managing Director, Head of Asset-Based Lending for Santander, has been elected to the Executive Committee for 2015. The Committee, 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.

“I am very excited to join the Executive Committee at CFA, to carry on the work our organization has done to position our industry at the forefront of commercial lending in an ever-changing environment,” said Spada.

In addition to serving on CFA’s Executive Committee, Spada is the Managing Director and Head of Asset-Based Lending for Santander in the United States. He is also a past president of the CFA’s New York chapter.

Prior to Santander, Spada was Senior Vice President and National Sales Leader for RBS Citizens Business Capital. Prior to RBS Citizens, he served as Executive Vice President and Chief Sales Officer of CIT Commercial and Industrial. Spada spent more than 13 years at GE Commercial Finance in various leadership positions, most recently as its Managing Director and Intermediary Region Manager.Before joining GE he was with The Bank of New York and Goldman Sachs.

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.