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GE commercial finance Expands corporate lending business

AZDEL : 19 September, 2007  (Company News)
GE Commercial Finance today announced the expansion of its Corporate Lending business, providing middle market and larger corporate customers a broader suite of financial solutions. As part of today's announcement, the company formally introduced Tom Quindlen as President and CEO and Jim Kelly as General Manager of North America.
By combining its long-standing asset-based lending, cash flow lending and structured finance platforms under the Corporate Lending umbrella, GE Commercial Finance is creating a single touchpoint for customers while unlocking deeper value in each engagement. Supported by a research-driven approach to build customized solutions industry-by-industry, Corporate Lending is uniquely positioned to support the entire customer lifecycle, from growth capital and mergers & acquisitions to corporate restructurings, where the company is a leading provider of Debtor-in-Possession financing.

Tom Quindlen will lead the expanded Corporate Lending business and brings more than 20 years of experience in senior sales and commercial excellence roles across GE. Tom is a GE Officer and previously served as Commercial Leader for GE Capital Solutions and President and CEO of GE Franchise Finance.

'Growth for the benefit of our customers is the key here,' said Quindlen. 'The expanded capabilities will allow us to build more meaningful and longer-term customer relationships. Whether it's today, next year or five years from now, our goal is to be a lender for all seasons, one that helps customers grow in every business cycle.'

Smarter Capital for Business

With $15 billion in served assets and 400+ professionals across 40 locations in North America, Corporate Lending has expanded its offering for companies that are growing, maturing and restructuring. Complimenting its strength in asset-based and cash flow lending, the company now provides structured leasing, tax-advantaged financing, securitization, project financing, junior secured and second lien loans, equity capital and interest rate management.

The GE Capital Markets team ranked #9 in volume and #4 in lead arranged transactions, and #2 for second lien transactions in Reuters/LPC's 2005 Leveraged League tables, and includes a dedicated Corporate Lending team led by Jennifer VanBelle, managing director.

Industry Specialization

Launched earlier this year, Corporate Lending is using a research-driven industry approach designed to deliver solutions tailored to the unique capital requirements of customers. The initiative is led by Craig Reynolds, senior managing director, and includes a team of Industry Leaders supported by dedicated research analysts.

The Industry Leaders partner closely with Corporate Lending's regional sales force to build customized solutions across nine key industries: Aerospace & Defense; Automotive & Automotive Parts; Chemicals & Plastics; Food, Beverage & Agriculture; Financial & Business Services, General Manufacturing; Paper, Packaging & Forest Products; Steel & Diversified Metals; and Transportation & Construction. The industry team brings more than 175 years of related experience, many former CFOs and operational managers within their target markets.

The industry-aligned approach also builds on Corporate Lending's experience as a leading provider of financial solutions for the Retail industry. Jim Hogan, managing director, will continue to lead Corporate Lending's Retail Finance efforts, supported by a dedicated team of retail sales and risk specialists.

Enhanced Regional Focus

An expanded regional coverage model includes six regions across North America: Northeast, New York City Intermediaries, South, Midwest, West and Canada. Leading the regional teams is Jim Kelly, General Manager for North America. In this role, Kelly will oversee all front-end activities in North America.

Reporting to Kelly are six Region Managers responsible for driving growth in their territory: Randy Hicks in Norwalk, Conn.; Al Spada in New York City, Bob Biringer in Atlanta, Paul Feehan in Chicago, Andrew Waterson in Los Angeles and Ellis Gaston in Toronto.
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