Chase Auto’s Peter Muriungi to join Auto Finance Summit East for fireside chat


Peter Muriung, chief executive, Chase Auto

Chase Auto Chief Executive Peter Muriungi will take the stage to discuss portfolio management and new initiatives during a fireside chat at Auto Finance Summit East, which will take place at the JW Marriott Nashville May 10-12, 2023.

The new spring 2023 event will bring together the auto lending and leasing industry at the time of year when market dynamics require industry participants to  fully execute — and sometimes pivot — their operational strategies. The event offers networking opportunities and timely educational content in a new geographic location.

View the full agenda for the event here.

Muriungi has been with Chase for nearly a decade and was named chief executive at the lender in February 2020. Under his leadership, Chase Auto’s focus has been on modernizing and enhancing its platform for customers and dealer partners in line with the company’s long-term digitization strategy, Muriungi previously told Auto Finance News.

This year has proved a busy one for the financier. Chase Auto in January launched Chase Auto Finance and Drive, a digital car purchase and financing platform, and in March inked a private-label financing arrangement with electric vehicle (EV) manufacturer Fisker Automotive.

Chase Auto’s originations clocked in at $7.5 billion in Q3, up 7.1% sequentially but a decrease of 34.8% year over year in line with industry trends amid constrained supply and rising interest rates.

Muriungi will sit down with AFN during Auto Finance Summit East to discuss Chase Auto’s strategy and initiatives and share market expectations for the remainder of the year. The Summit also includes a tech demo challenge, a transformation workshop, roundtable discussions and sessions spanning subprime financing, digital strategy and EV financing.

Register here for the Auto Finance Summit East.

Source : AutoFinanceNews