Accord Financial, Inc. announced the promotion of Terry M. Keating from Executive Vice President to President and CEO. Since joining Accord—the Greenville, S.C.-based ABL and factoring unit of Accord— in March 2014, Keating played a major role in transforming the business from a factoring company to a broad-based commercial finance lender. It is one example of his leadership in implementing change to position Accord for sustained growth and success, the company said.

“I am very pleased to announce this,” said Tom Henderson, Chairman of Accord. “Terry is a great leader and driving force behind our recent success and growth as a company.”

Keating is responsible for many of the talented new faces that are part of the growing Accord organization, but upon learning of his promotion, he was quick to attribute Accord’s recent growth and continued success to the entire team.

“It has been exciting to be here at Accord and have the opportunity to contribute. But without the daily hard work and professionalism of all my colleagues, this would not have been possible. The congratulations belong to the team as much as to me,” Keating said.

Prior to joining Accord in 2014, he spent nearly 30 years in the finance industry in a variety of roles. As a senior executive at LaSalle Bank, he established a business unit charged with providing credit and other bank products to mid-sized finance and leasing companies. He grew this unit to $1 billion in credit commitments and $500 million of outstanding loans over a 12-year period. Keating then spent 10 years providing consulting and investment banking services to mid-sized finance companies, including five years with Amherst Partners. This experience gives Terry unique insight and expertise in leading Accord now and into the future.