GE Capital UK has reshuffled its equipment
finance team as it refocuses its activities around healthcare,
aircraft and structured equipment finance.
Jon Maycock, recently appointed as commercial
director for GE Capital’s equipment finance division, will be
working alongside a team made of seven people, six of whom are GE
veterans.
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The vendor finance team is now led by Ann
Williams, who has been with GE for 17 years. Simon
Trudgeon becomes leader for structured equipment finance,
Jeremy Knight is the new head for healthcare finance and Simon
Hines corporate aircraft leader. James Ryan is now product and
market leader, and Richard Charlesworth is capital markets leader
in charge of developing GE’s syndicated business. Mark Turrell is
the only external appointment. He joins from Lombard and is
now in charge of business development, looking to expanding
vendor partnerships and existing markets.
The changes follow plans to strengthen GE
Capital UK areas of competence in equipment finance. Maycock said:
“We want to make sure that in our continually changing environment,
we keep up with the changes in the market and in the customers that
we have, adapting ourselves to their new needs.”
As part of its growth plans, GE Capital is
expanding its vendor finance partnerships. It recently secured an
agreement with telecom systems supplier 4com for the UK, and
another one in the photovoltaic space as it builds its “green
finance centre of excellence”. A third pan-European partnership is
to be announced soon. “We have signed on average a new vendor
finance partnership every week in 2011,” said Maycock. Vendor
finance accounts for around half of GE Capital overall
activity.
The lender said it is committed to SMEs and
mid-corporates, having provided financing solutions to 350,000
companies across Europe last year. In the UK, it is increasing its
public sector business particularly in the healthcare segment, with
NHS operations accounting for over half of the total business.
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By GlobalDataA full analysis on GE Capital UK will
appear in the April edition of Leasing Life
