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 ( ) 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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>