5 Minutes with the Service Provider Chair

What’s happening in the service provider sector of the equipment finance space? Equipment Leasing & Finance magazine recently talked to Debbie Devassy Babu, Chair of the Service Providers Business Council Steering Committee (BCSC), to take the pulse of this sector. Debbie, Shareholder at Askounis & Darcy PC, is currently serving her first year as Chair of the Committee, which is composed of a diverse mix of industry specialists who provide a variety of services to the members of the other four Business Councils.

From your perspective, what hot topics is the service provider sector focused on this year?

The Service Providers BCSC has focused on ELFA membership recruitment for new companies, and I’m pleased to report that we successfully recruited a number of new members. We also assisted ELFA in its advocacy efforts by participating in Capitol Connections in Washington, D.C., in May. Through the Guest Lecture Program, the Service Providers BCSC continues to promote the equipment leasing and finance business to younger folks who may be unaware of our industry. Finally, we’re planning a regional networking event for the Summer of 2020.

How did you get involved with the BCSC? Would you recommend it to others?

I became a member of the Service Providers BCSC in 2015, after other members of my law firm served on the Committee and told me how much they enjoyed the experience. I would highly recommend the Service Providers BCSC to others—it’s a great way to contribute to ELFA and also have your voice be heard in the industry. Serving on the Committee also has provided me a unique opportunity to meet and work closely with a variety of different service providers who support the industry.

What is the last book you read?

Taking care of my little kids doesn’t allow me a lot of time for personal reading, but I’ve just picked up Sharp Objects by Gillian Flynn. Fingers crossed that I can actually finish it!