The Equipment Leasing and Finance Association (ELFA) has named Sudhir P. Amembal, Chairman and CEO of Amembal & Halladay, to the 2016 Class of the Equipment Finance Hall of Fame. ELFA President and CEO Ralph Petta made the announcement this morning at the General Session of the 55th ELFA Annual Convention in Palm Desert, Calif. The official induction ceremony took place on Oct. 22 at the Chairman’s Dinner preceding the ELFA Annual Convention.
“We congratulate Sudhir for being inducted to the 2016 Class of the Equipment Finance Hall of Fame,” said Petta. “As a renowned industry educator, author and consultant, he has contributed immensely to the understanding and growth of the equipment finance industry in the United States and around the world.”
Amembal began his professional career in lease education, consultancy and publications in 1978 by co-founding Amembal & Halladay, which has trained over 80,000 leasing professionals throughout the world. He has conducted technical presentations on leasing in more than 85 countries.
He has authored or co-authored 16 books on leasing, including: Winning With Leasing, Operating Leases: The Complete Guide, International Leasing: The Complete Guide, The Handbook of Equipment Leasing, Lease Securitization, A Guide to Accounting for Leases, and A Guide to Captive Finance Company Equipment Leasing.
As a government advisor, Amembal has served as a leasing consultant to more than 20 governments, reviewing the overall leasing industry in each country and devising strategic recommendations to facilitate the growth of the industry.
Amembal chaired each annual World Leasing Convention from 1993 until its discontinuance in 2013.
He serves on the Advisory Board of OPC Asset Solutions, a prominent asset life cycle management company in India, and as Chief Advisor to China Minsheng International Financial Leasing Company, one of the most prominent leasing companies in China.
From 1997 to 2002, he served as Chairman of Amembal Capital Corporation, a middle market leasing company. Prior to establishing Amembal & Halladay, he was a member of the faculty at the College of Business, University of Utah, and before that he worked for Ernst & Young in New York City. He has a Bachelor of Commerce from the University of Bombay, India, an M.B.A. from the University of Utah and is a CPA qualified to practice in New York.
Born in Bangalore, India, he currently lives in San Miguel de Allende, Mexico, with his wife Kiran.
The ELFA Board of Directors established the Equipment Finance Hall of Fame in 2014 to annually recognize individuals who have made unique, significant or lasting contributions to the equipment finance industry throughout their careers. More information about the program is available at www.elfaonline.org/hof/.
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers.