NORWALK, Conn. -- Joseph F. Nemia, sr. managing director of GE Commercial Finance, Corporate Lending, has been elected as the new president of the Commercial Finance Association (CFA).

Founded in 1944, the CFA is the trade group of the asset-based financial services industry, with members throughout the United States, Canada and around the world. Members include the asset-based lending arms of domestic and foreign commercial banks, small and large independent finance companies, floorplan financing organizations, factoring organizations and financing subsidiaries of major industrial corporations.

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.