wcritical decision in Technology Host- ing: How to Choose the Best Solution for Your Business. Page 32. ◗;Finally, enjoy Ken Frieze’s perspectives on Trends in Asset Values. Page 28. Hats off to CFA’s Women in Commer- cial Finance Committee launched last January. The Committee’s essay contest yielded winner Alissa Palatiello, of Wells
Fargo Capital Finance, for International
Lending for Asset-Based Finance on page
50. Congratulations, Alissa!
We are heading into a pivotal year
for ABL in 2014. We’re expanding,
evolving and laying the foundation for
growth. Together, we can harness the
power and prestige of this industry, and
demonstrate our unique contribution
to world economies. We’re the kind of
people who are inclusive, expansive
and willing to work hard for the
success of our families, businesses and
neighborhoods. After all, isn’t that what
community is all about?
self-directed e-learning modules and
case-study work in virtual workshops.
Initial modules include operations,
factoring and underwriting. This
offering is for CFA members and Foundation supporters only.
3. I trust by now you have all download-ed TSL’s mobile app which launched
with the October issue. As a part of
our mobile and social media content
strategy, you can now get your magazine the way you want: in print, the
digital edition or the mobile app.
I hope you’ll pay special attention to
these articles about key value-drivers for
our industry in this issue:
◗;Asset-based lending has evolved from
the choice of last resort into an integral part of the commercial financing
world. Learn why in ABL Goes Mainstream by Myra A. Thomas, page 18.
◗;What will have an impact on ABL as
the U.S. emerges from recession? Joe
Nemia, former CFA chairman and an
executive vice president and head of
asset-based lending at TD Bank, suggests that a strong M&A environment,
improving consumer spending and an
expansion into new industries is the
key. Page 24.
◗;Noticed the uptick in non-bankruptcy
alternatives? Discover why in Where
Have All the Bankruptcies Gone? by
Howard Brod Brownstein and Michael
B. Schaedle. Page 46.
◗;Worries about third-party management of software and database security and privacy are on the rise. Dustin
Smith sheds light on navigating this
elcome to The Secured
Lender’s Convention Issue.
Take a look around you. If you’re reading
this at our Annual Convention in Los
Angeles, the people sitting next to you
are the kinds of people who make things
happen. Like you, they’re the stars of
our community: field examiners, BDOs,
vice presidents, CFOs and CEOs. And
whether you’re in Los Angeles or not, by
virtue of your membership you’re the
kind of person who believes in the power of many. You know that our potential
lies in the value we build together.
Before you dive in to this issue, let me
call your attention to three important
1. We’re launching Factoring World
2014, March 5-7, in Miami where we’ll
explore the evolution of factoring,
trade finance, supply chain finance,
receivables finance and related
disciplines with key executives and
service providers in a warm resort
2. The CFA Education Foundation’s next-generation online education program,
CFA Fundamentals rolls out now with
Take a look around you. If you’re reading this at
our Annual Convention in Los Angeles, the people
sitting next to you are the kinds of people who
make things happen.
letter from thoughts from CfA And tsL stAff