Daily News: June 4, 2012

GE Capital CDF Appoints New Industry Leaders

GE Capital UK announced the appointment of Sven Sels as industry leader for Marine, and Bruno Braure as industry leader for Agriculture and Industrial within its pan-EMEA Commercial Distribution Finance (CDF) team. Both will report to Geoff Healey, commercial leader, EMEA for GE Capital CDF.

The new appointments will bolster GE Capital’s strength in key growth sectors, and follow the departure of Andrew Stafferton, industry leader for Marine, Agriculture, and Industrial. After over 10 years with the CDF EMEA business, Stafferton will be moving in June to a new role as a general manager in GE Capital’s CDF business in Australia.

Commenting on the appointments, Geoff Healey said, “The flexibility to export to multiple markets is increasingly important for manufacturers in the current economic environment. As a leading pan-European provider of inventory and floor-plan finance, we have already seen a double-digit increase in financing during the first quarter of the year. These exciting new sector-dedicated appointments underline our broad commercial strengths and commitment to support businesses and industries we have served for many years.”