Accord Financial Stock (ACD.TO)

Company description

Accord Financial logo Accord Financial Corp. is operating through its subsidiaries, is a provider of asset-based financial services to businesses. The Company provides a range of factoring and other asset-based financial services, including financing, collection services, credit investigation and guarantees. The Company’s business principally involves recourse factoring by Accord Financial Inc. (AFIC) and Accord Financial, Inc. (AFIU), which entails financing or purchasing accounts receivable on a recourse basis, as well as asset-based lending, namely, financing other tangible assets, such as inventory and equipment, and non-recourse factoring by AFL, which principally involves providing credit guarantees and collection services on a non-recourse basis, generally without financing. Its subsidiaries include Accord Financial Ltd., AFIC and AFIU. In February 2014, it acquired Varion Capital Corp.

Visit company website

People involved

Fullname Position
Ken Hitzig Executive Chairman of the Board
Thomas Henderson President, Chief Executive Officer, Director
Struart Adair Chief Financial Officer, Vice President, Treasurer
Simon Hitzig President of Accord Financial Ltd.
Fred Moss President of Accord Financial Inc.