AFSA announces new chair-elect for Board of Directors

The American Financial Services Association (AFSA) Monday announced that its board of directors has elected Dan Chait, President of Southeast Toyota Finance, as the new chair-elect of the AFSA board.

Chait has been on the AFSA Board of Directors since 2015 and recently joined the AFSA Executive Committee. As chair-elect, he is next in line to become board chair at AFSA’s Annual Meeting in October 2019, succeeding current chair Josh Johnson, CEO of Mariner Finance.

Southeast Toyota Finance is a leading provider of financial services to automotive dealers, consumers and lenders, and a subsidiary of diversified automotive corporation JM Family Enterprises, Inc. Chait also serves as a member of JM Family’s Executive Management Team, which oversees the development and implementation of the company’s long-range planning and strategies for future growth.

As President, Chait is responsible for the strategic and operational management of Southeast Toyota Finance, which provides financial products to Toyota dealers and consumers in the Southeast, manages a portfolio in excess of $10 billion and was recently awarded “#1 in Mass Market Automotive Consumer Financing Satisfaction” by J.D. Power.

Chait joined Southeast Toyota Finance in 2002 as Vice President, Asset Management. In 2007, he became Group Vice President, responsible for Portfolio Management, Dealer Services, Operations, Sales and Marketing functions.

In 2012, he was promoted President. Chait has more than 25 years of experience in the financial services industry and has held senior level positions with US Airways, AutoNation, and UniCapital Corporation.

Chait earned Master of Business Administration and bachelor’s degrees in economics and political science from the University of Rochester. 

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