Daily News: October 1, 2012

GE Capital Hires German LBO Finance Head in Growth Push

Bloomberg reported that GE Capital hired Ralph Betz from Bank of Ireland to head leveraged finance in Germany as the company seeks to take market share from rivals hamstrung by the sovereign debt crisis.

The article said GE Capital’s European leveraged-finance unit is pushing to expand by arranging more leveraged financing for mid-sized companies and buying assets from other banks, citing Paul Scott, chief investment officer and head of sponsor coverage for Europe, the Middle East and Africa. Frankfurt-based Betz will report to Scott, Bloomberg noted.

To read the Bloomberg article, click here.