GE Capital has made public new plans to reorganise its UK
businesses, which will focus on four main groups of customers. The
new businesses are due to be operational by mid-September.

“Businesses are having to adapt to an unpredictable business and
financial climate, whilst managing uncertain demand and reshaping
of the banking system,” said John Jenkins, UK CEO for GE Capital.
“By providing a single point of contact for mid-market and
corporate businesses, customers can quickly access the full breadth
of solutions from GE capital, and receive unrivalled asset and
industry expertise to help structure deals.”

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In its announcement, the lessor said that mid-market business
customers with a turnover of between £5 million (€5.8 million) and
£100 million would continue to be looked after by teams in London
and the south east, Bristol, Birmingham and Manchester.

Corporate businesses with a turnover of over £100 million will
be looked after solely by the London team. This business will focus
on managing relationships with funders and will continue to offer
products ranging from invoice discounting, ABL and
securitisation, to vendor sales financing programmes and commercial
distribution finance.

Corporate fleet managers will be looked after by GE Capital’s
Machester operations; whilst corporate businesses looking for
specific UK and pan-European sales financing programmes will be
looked after by the team in Bristol.

The lessor also confirmed that it would continue to operate in
the aircraft leasing, healthcare financial services and commercial
distribution finance areas, too.

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