The Asian Financial Services Association

Recognizing the potential for further expansion, the leasing companies foresaw the need for a regional level organization to contribute the broadening and upgrading of leasing services and afford the opportunity for member countries and corporations to share their experiences which led to the birth of the Asian Leasing Association, or Asialease in 1982.

The organization of Asialease is structured as a federation of leasing companies and associations which operate in region. All member of Asialease make up the General Assembly which hold the power over the general policies of the Association, the election of officers, and approval of amendment to the Constitution and By-Laws made the Governing Council. Most decisions of the Assembly are arrived by majority vote of member countries present.

The management committee of Asialease is Governing Council which group two representatives from each member country. The two representatives who are the Vice President and Second Representative from each member country are elected by Asialease member from that country. At the helm of the Association is the President who is elected from among the Governing Council officers.

The daily operation of the Association is handled by the Secretariat headed by the Secretary-General. The Secretariat which is presently located in Indonesia, keeps records of the Association as well as handles collections and disbursements. All meetings of the Governing Council and the General Assembly are co-ordinated by the Secretary-General.