(PRNewswire) — Frank Keating, two-term governor of Oklahoma, has joined the board of directors of Global Holdings, an account and payment processing provider to the consumer debt settlement industry. Global Holdings is a portfolio company of New State Capital Partners.

Currently a partner with the Financial Services team at Holland & Knight, Keating is also a former president and CEO of the American Bankers Association and the American Council of Life Insurers.

During the Reagan Administration, he served as assistant secretary of the U.S. Treasury Department and associate attorney general of the United States. Under President George H.W. Bush, he served as general counsel and acting deputy secretary of the Department of Housing and Urban Development. Prior to his governmental appointments, Governor Keating was an FBI agent as well as a United States Attorney in Oklahoma.

“Governor Keating is highly respected in the area of compliance,” said Tim Merrick, Global Holdings’ CEO. “He offers unparalleled expertise on regulatory issues relating to all aspects of the financial services industry, and we are honored to welcome him to our board of directors.”

Keating was just beginning his first term when the Alfred P. Murrah Federal building in Oklahoma City was bombed in 1995. His compassionate and professional handling of the tragic situation won him national recognition. His other accomplishments in office include winning a public vote on right-to-work, tort reform, tax cuts, and major road building and education reform. He is a past president of the Republican Governors Association.

“Global Holdings takes regulatory matters very seriously, and I look forward to advising them and New State Capital as they continue to develop and deliver quality financial services and products,” said Governor Keating.

Based in Tulsa, Oklahoma, Global Holdings was founded in 2003 by a team of payment processing industry veterans. Utilizing an industry-leading technology platform, Global Holdings processes over 70,000 transactions per day, representing over $8 billion in annual volume. As an independent third-party payment processor, Global has provided FDIC-insured accounts to more than 2.1 million consumers and to thousands of companies.