A year after embarking on the project, GE Capital’s UK corporate
finance business has been restructured as part of a global
reorganisation of GE Capital.

John Jenkins, the CEO of GE Capital UK since May, said the work
has involved breaking down the silo walls between its four business
finance areas: fleet contract hire, factoring, equipment finance,
and business lending.

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The process also led to the disposal of GE Money at the
beginning of the year – “it didn’t add value,” explained
Jenkins.

One advantage of the new shape of the business is that
cross-selling is now easier, he added. “Customers are now more
aware of the breadth of GE Capital’s business finance
offering”.

The UK fleet division at GE Capital has been relatively
unaffected by the reorganisation, although GE Fleet will now focus
on larger customers, he said.

Fred Crawley

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