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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

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