Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


GE Commercial Finance Real Estate Regional Pres

GE Commercial Finance Real Estate Names Mark Hutchinson President of Asia-Pacific

STAMFORD, Conn., Oct. /PRNewswire-AsiaNet/ --


GE Commercial Finance Real Estate today announced that Mark Hutchinson has been named President of GE Commercial Finance Real Estate Asia-Pacific. He assumes this role from his current position as Vice President of Capital Markets in the Capital Solutions group at GE.

In this leadership role, Hutchinson will leverage his solid experience in capital markets securitization, syndication and transaction structuring to expand market penetration throughout the region. He will report to Michael Pralle, President and CEO of GE Commercial Finance Real Estate, and the recently appointed President of GE Commercial Finance, John Flannery.

Hutchinson will be based in Tokyo at GE Real Estate's Asia-Pacific headquarters. Real Estate Asia Pacific has been an active player in the Asian commercial real estate market since 1997. Over the years, the business has significantly expanded its presence serving customers and partners in five countries within the region. Net earning assets reached $3.3 billion by 2004, an annual growth rate of 80% in the last six years. With over 250 professionals delivering a full spectrum of debt and equity solutions, the business operates in Japan, Korea, China, Australia, New Zealand and now our newest market, India.

"The Asia-Pacific region, comprised of many developing and established countries, represents tremendous growth potential for the real estate group," commented Pralle. "We are delighted to have an executive of Mark's caliber, with his experience and solid track record, join GE's real estate group. He brings the right blend of expertise and skills to help us succeed with our growth goals in this dynamic region."

Prior to joining GE, Hutchinson was with Barclays Bank PLC in Hong Kong and Australia. He holds a Bachelor Commerce from the University of Queensland.


Notes to editors:

About GE Commercial Finance Real Estate GE Commercial Finance Real Estate ( http://www.gerealestate.com ) is a world leader in real estate capital. Formed in 1972, the business has more than $28 billion in assets with 34 offices located throughout North America, Europe, Asia, and Australia/New Zealand. GE Commercial Finance Real Estate, backed by its parent company's AAA rating, offers a broad range of debt, equity and servicing solutions including: intermediate and long-term mortgages, restructuring and acquisition capital, niche equity investment/joint ventures, capital markets securitization and placements, and asset management. As one of the fastest growing units within GE Commercial Finance, Real Estate has experienced annual growth of more than 10% for the last ten consecutive years.

GE Commercial Finance is the business-to-business finance unit of General Electric. With deep industry expertise and lending, leasing and financing services of every kind, GE Commercial Finance plays a key role in helping its customers grow. Conducting business in 35 countries, GE Commercial Finance has assets of over US$230 billion and is headquartered in Stamford, Connecticut, USA.

General Electric (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news