Banleaco Equipment Finance recently hired Tom Grady as its new president and CEO. Grady has more than 25 years of commercial finance experience, including 15 years of credit management, capital markets and vendor and direct sales within the equipment finance industry.
Prior to his appointments at Banleaco, Grady served as vice president, relationship manager at K2 Capital Group (now Popular Equipment Finance), and as senior vice president at Old National Equipment Finance. Grady joins Banleaco from KLC Financial, where he most recently served on its capital markets desk.
“We’re excited to welcome Tom to the organization,” John Pittman, chairman of the board of directors for Banleaco, said. “He has a strong background in both credit management and business development and marketing. His experience will serve us well as we continue to expand our financial offerings to our prospects and customers.”
Prior to his equipment finance career, Grady served as vice president for Deutsche Bank’s asset management group in New York where he led the marketing efforts for the bank’s institutional business. He later served as senior vice president of sales and marketing for Marshall BankFirst, an investment bank in Minneapolis.
“The fact that Banleaco has been in the equipment finance industry for nearly 80 years is remarkable and a testament to the previous leadership,” Grady said. “It’s a great opportunity to join such an established institution and I’m excited to build on the rich legacy Banleaco has created.”
Dave Selden, Banleaco’s previous CEO, retired after a distinguished career at the company. He served as president and CEO for 26 years and was at the company for a total of 43 years.
