Daily News: June 11, 2012

IFA Names New Members to Board of Advisors


The International Factoring Association (IFA) announced that four new members were appointed to its Board of Advisors. The new advisory board members will serve a two-year term and will assist the IFA in broadening the public understanding of the uses and benefits of factoring and help to both design training programs and foster new ideas to benefit its member organizations.

The additions to the Advisory Board include:

  • Diana Clover, president of D&S Factors

  • Richard Hall, general manager of Factor LOGROS de Ecuador

  • Marc Marin, managing director of Gateway Commercial Finance

  • Andy Osborn, senior vice president of Summit Financial Resources

    Advisory Board Members returning for the second year of their term include:

  • Alan Atchley, president of Amegy Bank Business Credit

  • Gail Reints, president and founder of Sky Business Credit

  • Oscar Rombola, VP Business and Marketing of ITC Invoice to Cash

  • Einat Steklov, president of Coral Capital Solutions

    “I am very excited to have the opportunity to work with such a distinguished group of individuals,” said Bert Goldberg, executive director of the International Factoring Association. “Their expertise in the factoring industry will be valuable as we continue to grow and enhance the benefits to our members. I look forward to working with all of them throughout their term.”

    The IFA separately announced that the association has grown its membership to over 400 members – a 10% increase over the prior year. While many organizations have seen a decline in membership due to economic conditions or failing to provide member value, the IFA has grown.

    The IFA’s goal is to assist banks and finance companies engaged in factoring and receivable financing by providing information, training, purchasing power and serving as a resource for the community. Members include factors, asset-based lenders, and other commercial finance companies.

    “The increase in our membership is a result of the continued value the association provides to its members,” said Goldberg. “Members benefit from the networking and educational events offered by the association, both in terms of generating new business for their firms and for their professional career growth. Once prospective members attend our annual conference or educational seminars and workshops during the year, they typically quickly sign up as members.”