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Neville Grusd
President | Merchant Financial Corporation
Neville Grusd is President of Merchant Financial Corporation and is Executive Vice President of Merchant Factors Corp. and Merchant Business Credit, Inc. He has been in the finance and banking industries since 1982. He has substantial experience in asset-based lending, factoring and international trade finance and was Chief Lending Officer of an FDIC member bank. Grusd was a partner in an accounting firm in South Africa affiliated with S D Leidesdorf & Company which he joined in New York, and which subsequently became Ernst & Young.

Grusd is a Certified Public Accountant, holds a Bachelor of Commerce Degree from the University of Cape Town and is a Chartered Accountant (South Africa). He was an associate professor of accounting at CW Post, Long Island University and is co-author of the textbook Advanced Accounting.

He is active in the New York State Society Certified Public Accountants (NYSSCPA) and was a Vice President in the 2012 fiscal year. He has served as Treasurer and was a director and member of the Executive Committee of NYSSCPA for five years and was chairperson of various Committees, including the Industry Division Oversight Committee. He serves on The Editorial Board of The CPA Journal and has written articles for this publication as well as The Journal of Accountancy. Grusd is the recipient of the NYSSCPA’s 1996/ 1997 FAE Outstanding Discussion Leader Award and the 2000 Outstanding CPA in Industry Award.

Grusd is a Director and was a member of the Executive Committee of the Commercial Finance Association (CFA) and is former chairperson of its Committee on Cooperation with Accountants. Grusd also served on the User Council of the Financial Accounting Standards Board (FASB). He currently serves on the Private Company Council of the Financial Accounting Standards Board, which recommends modifications to US GAAP for private companies

Posts by this Author:

With all the issues the factoring industry has faced since the financial meltdown, it has come out stronger and more efficient. Read Full Article

April 10, 2014 @ 07:00 AM