Aberdeen, Monday 19 May 2014: GE Capital International has brought together its expertise to deliver insights into the rapidly changing subsea market to their Access GE clients at a unique engagement event last week.
Offshore production is growing faster than onshore with technology advancing and growth in mining resulting in companies evolving by working together more and more. This is why Access GE has introduced a new wave of Access GE engagements, designed to draw on GE's cross-discipline expertise. Attended by lawyers, accountants and members of Aberdeen's oil & gas industry, the event focused on GE's latest thinking in subsea technology from physical hardware to proprietary analytics and monitoring tools. Attendee, Rob Irvine, Global Account Manager, Hydrasun said: "To attend an event which discusses capital, technical and commercial challenges at the same time is unique -- a truly informative discussion, excellent format."
Access GE is the latest service offered to businesses by GE Capital International, designed to assist their growth prospects by providing insight and practical advice on areas from operational effectiveness to growth and innovation. The proposition leverages GE's knowledge and expertise across key industries to provide a unique blend of industry, technical and commercial insights at one place.
Samantha Gillespie, Regional Director Scotland, GE Capital International -- UK, said: "There's no doubt we're seeing the subsea industry change as it responds to depleting North Sea reserves and new opportunities in deep water territories. As companies deal with these changing dynamics there needs to be a balance between meeting the opportunity whilst managing the challenges and complexities created, and doing so in a cost-effective way. When Scottish businesses partner with GE Capital International they get more than just money; they get access to know-how and experience of other areas within GE. Access GE provides this unique proposition ensuring value added which no bank can give -- and which directly impacts companies' bottom line."
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Notes to Editors
About GE Capital International
GE Capital International is a leading, global provider of specialist finance to the mid-market, with headquarters in London and serving customers from 26 markets across EMEA and Asia Pacific.
With over 27,000 employees and revenues of $12B, GE Capital International is focussed on driving growth in its core commercial leasing & lending products and markets. It provides mid-market customers with a wide range of financing solutions including accounts receivable management, inventory finance, asset backed lending, cross-border financing, leveraged finance, leasing/vendor finance and fleet management solutions.
GE Capital International focuses on sectors where it can share GE's 130+ year industrial heritage with customers -- energy, healthcare, transportation, power & water, aviation, oil & gas. Through its 'Access GE' programme, GE Capital gives customers access to GE's experience and expertise to help solve their business issues and challenges. For more info, visit www.gecapital.com.
About the speakers
Samantha Gillespie
Regional Director Scotland, GE Capital International - UK
Sam provides invoice discounting and asset based lending facilities to companies with borrowing requirements of over £500k. A member of the Chartered Institute of Banking, Sam joined GE Capital from RBS where she provided invoice finance for growing businesses, MBO's/MBI's and acquisitions within the SME and Mid-Market space.
Tassos Vlassopoulos
CMO Subsea Systems, GE Oil & Gas
Tassos leads a team of 12 strategists & marketers focusing on driving GE Capital's Subsea business strategy, commercialisation of new products and strategic planning. With a background in economics and consultancy, Tassos has led GE Energy's regional marketing teams in the West, East Europe, North Africa and Turkey.
Ian Wilkins
Managing Director, Commercial & Corporate Lending, GE Capital UK
Ian has worked in the UK financial services industry for the past 30 years, having specialised in invoice finance, equipment finance and multi-asset ABL. Ian has worked in a variety of businesses from RBS to Absolute Invoice Finance and Aldermore.
Faraz Ahmad
Strategic Marketing Leader, Subsea Systems, GE Oil & Gas
Faraz leads GE's strategic planning for subsea systems and is responsible for devising strategy on market adjacencies, cross-P&L initiatives, portfolio and business specific strategy reviews. An engineer with a background in renewable and oil and gas consultancy, Faraz was instrumental in developing GE Capital's cross business marine strategy.
Paige Folta
GE Capital
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