Santander Consumer USA CEO Mahesh Aditya joins Auto Finance Summit speaker faculty
The Summit takes place Oct. 27-29 at the Wynn Las Vegas
Santander Consumer USA Chief Executive Mahesh Aditya is the latest executive to join the Auto Finance Summit’s executive dialogue, a group discussion exploring the long-lasting impacts of the COVID-19 pandemic and the future of the industry. The session will take place at 9:45 a.m. on Thursday, Oct. 28, at the Wynn Las Vegas.
Aditya and his fellow panelists — including Peter Muriungi, chief executive officer at Chase Auto, and Dan Brogan, chief financial officer of dealer services at U.S. Bank — will share insights and lessons learned from the past year with an eye on the ever-changing market. The discussion will focus on topics such as residual inflationary effects, the rise in auto lenders’ outstanding balances, and the return to a rates-driven environment.
Aditya is tasked with strengthening SCUSA’s risk management and governance processes. Prior to taking up his current role in 2019, Aditya served as chief operating officer and chief risk officer at Santander Holdings USA. He previously served as chief risk officer at Visa, and as chief risk officer for home equity and retail banking at CitiBank, and for consumer banking and mortgage at JPMorgan Chase, as well as senior vice president of mortgage risk at Capital One.
Santander Consumer USA was ranked the eighth-largest auto lender in 2020, with $48.9 billion in outstandings. The captive originated $30.6 billion in auto loans last year, according to the 2021 Big Wheels Auto Finance Data report.
In the second quarter of 2021, SCUSA recorded a positive recovery on net charge-offs on trend with other lenders, and experienced a 34% year-over-year increase in auto originations. The company recorded low net charge-offs in the first quarter of 2021 and in the fourth quarter of 2020.
The Auto Finance Summit will also feature sessions on electric vehicle financing, residual values in the future and digital lending.
More information on the 2021 Auto Finance Summit is available here. Register for the Summit here.
