Kirk S. Phillips, SVP, AIG Commercial Asset Finance has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Financial Institutions Business Council Steering Committee.

The Financial Institutions Business Council Steering Committee represents financial services member companies (commercial banks, investment banks and multi-line finance companies) engaged in the middle-market and large-ticket sectors. The committee analyzes the needs of companies in this segment and recommends to the ELFA board how to meet those needs.

This steering committee is one of five primary constituent bodies at ELFA. The committees are an integral part of ELFA’s operations, providing critical input on the direction of the association and serving as a bridge between the membership and the board of directors and staff. The committee members are elected by the Business Council membership for a term of two years on a staggered basis.

AIG Commercial Asset Finance was organized in 2004 as AIG Commercial Equipment Finance. In 2011, the company changed its name to reflect the widening diversity of its product offerings which now includes secured and unsecured corporate, project finance and equipment finance opportunities to a variety of industries including utilities, manufacturing, transportation, healthcare and high tech companies located in the U.S., Canada and select international markets. In addition, AIGCAF offers select commercial real estate financing including credit tenant leases.