Accord Financial unveiled a realignment plan to better support the organization’s continued growth among middle-market businesses, uniting all U.S. commercial financing programs under one umbrella.
“Middle-market companies are and have been a major growth engine for the U.S. economy,” Simon Hitzig, president of Accord Financial, said. “This reorganization will allow us to better support our clients as they face both challenges and opportunities when growing and sustaining their businesses.”
Jim Hogan will lead the newly united commercial team at Accord as president of U.S. commercial and be responsible for all of Accord’s activities that address the U.S. middle market, including equipment finance, asset-based lending and factoring. Hogan joined Accord in January with more than 30 years of experience in ABL and restructuring, including 17 years at GE Capital.
“I am excited to work with such a strong team of professionals, offering customized financing to middle-market companies and furthering Accord’s reputation as smart, flexible financial partners,” Hogan said.
In addition, Accord hired Marcel Borg as vice president of national sales for equipment finance for the newly united U.S. commercial team. Most recently as director at Sumitomo Mitsui Finance and Leasing, Borg led the company’s capital markets group and new business development efforts. He has 20 years of experience in finance, including 12 years at Bank of America.
“What drew me to Accord was their ability to provide creative financing solutions,” Borg said. “This opens the door for many mid-sized businesses needing equipment finance.”
