Aris Kekedjian, GE Capital M&A and business development leader, will lead GE’s M&A/business development team effective September 1, 2016.
John Schmidt will lead Wells Fargo Capital Finance’s new originations team for its Supply Chain Finance Group.
General Electric received a binding offer for the potential sale of its French prime mortgage portfolio from a newly established French FCT entity.
The Financial Stability Oversight Council has voted to rescind its determination that material financial distress at GE Capital could pose a threat to U.S. financial stability.
Pete Graham will be joining the PRA Group as executive vice president and chief financial officer. Graham was previously with GE Capital, lastly as a finance executive on GE’s asset disposition team.
GE has completed its agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital Credit.
Greenberg Traurig advised Alior Bank in an agreement to acquire Bank BPH’s core business from affiliates of GE Capital.
GE reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank. GE also agreed to sell its Canadian Franchise Finance business to a “different buyer.”
Private debt specialist Old Hill Partners has brought former GE Capital executive Shila Ray aboard as financial officer.
Wells Fargo completed the purchase of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses as well as a portion of its Corporate Finance business, totaling $27.4 billion of assets.