London, 7 September 2010: James Fenner has been named as the new President and CEO for GE Capital's Leveraged Finance business*, effective immediately, subject to regulatory approval. Fenner will be responsible for consolidating GE Capital's position as one of the top Leveraged Finance players in Europe, leading and arranging mid market transactions and building close links with commercial partners such as Mubadala GE Capital. He replaces Thomas Greco, who has left to pursue opportunities outside of GE. The position reports into Rich Laxer, EMEA President and CEO for GE Capital.
GE Capital has been one of the most active European leveraged finance lenders in 2010, acting as Mandated Lead Arranger for a range of financings including Survitec, Novacap, Pets At Home, Virgin Media and Manx Telecom.
"James is very highly-regarded in the financial industry, with over 20 years banking experience, and his leadership and customer focus will be invaluable as we continue to build our European leveraged finance franchise," explained Rich Laxer. "GE Capital is one of only a few truly pan-European players with a range of products to support customers, such as our recent $500 million accounts receivable finance package for Alcan Engineered Products. James will be in key in delivering our strategy and strengthening our relationship with customers."
Fenner was previously Head of Capital Markets for GE Capital EMEA, a position that he held since October 2009. Before joining GE, Fenner was the Head of Leveraged Loan Capital Markets with Merrill Lynch, a position he held from 2005. Prior to that, he held a variety of roles with Deutsche Bank from 1986, ending as Managing Director of Loan Capital Markets responsible for project finance, telecoms and leveraged finance.
* GE Corporate Finance Bank SAS is the legal entity of GE Capital's Leveraged Finance Business in Europe, and is regulated by the ACP.
Will Spiers
Michael Goodbody
GE Capital EMEA
[email protected]
+44-207-302-6269
+44-7899-808-239