New Delhi, July 6, 2007 --- GE Commercial Finance announced the appointment of Sandeep Agarwal as Vice President & Head - Leveraged & Sponsor Finance. Sandeep will be responsible for covering Private Equity Sponsors, Structuring and closing leveraged and other Structured Finance transactions with Private Equity firms, working closely with the Hong Kong based team and the India/ Asia capital markets teams as well.
"I welcome Sandeep Agarwal to GE Commercial Finance and wish him the very best in this new role. I am confident that under Sandeep's leadership, GE Commercial Finance will move towards achieving greater heights", said Mr. Tejpreet Singh Chopra, President & CEO, GE in India.
Sandeep joins GE from BNP Paribas where he was Managing Director for media and telecom finance / leveraged finance group, based out of Singapore. His responsibility spanned from origination and structuring of transactions, credit analysis, relationship management and coverage of financial sponsors, media & telecom clients and providing industry expertise to other parts of the Bank. Prior to this, he has worked with Motorola Singapore as Head Structured Finance for Indian Sub continent, and with ICICI in Project Finance. Sandeep has over 15 years of work experience.
"Sandeep's joining us is a critical step in our expansion into the Indian leveraged finance market. His skills, experience and track record will significantly enhance our capabilities as he will work closely with our regional and global distribution teams, to serve Indian corporate and private equity sponsor customers on domestic and outbound acquisitions", said Stephen Ezekiel, Senior Managing Director, GE Corporate Financial Services, Asia.
"We are one of the leading leveraged & sponsor lenders globally. We are now building a full service pan-Asia platform, having participated or underwritten numerous leveraged deals in the past 18 months, and have recently stepped up to the 'lead arranger' roles", he added.
Sandeep will be based out of Gurgaon and will report to Stephen Ezekiel and Tejpreet S Chopra.
Sandeep is an alumni of IIM - A (Batch 1992) with specialization in Finance and Economics. He has also passed the graduate exams from Institute of Cost & Works Accountants and is currently an associate member.
GE Commercial Finance is one of General Electric's largest growth engines. With lending products, growth capital, revolving lines of credit, equipment leasing of every kind, asset financing, and more, GE Commercial Finance plays a key role for client businesses in over 35 countries. The industries served include healthcare, commercial real estate, manufacturing, fleet management, communications, construction, transportation, infrastructure and equipment, as well as many others. GE Commercial Finance has assets of approximately US$206 billion and is headquartered in Norwalk, Connecticut, U.S.A
GE Commercial Finance India (GECF India) is one of India's leading non-banking financial companies. GE's AAA credit rating enables it to offer customers reliable, well capitalized, competitively priced financing programs and products. GECF India has over 15,000 customers and has a pan-India presence covering all key locations. It provides end-to-end financial solutions to meet the diverse needs of its customers through a wide range of innovative and financial products and services.
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
For more information, visit www.ge.com
Purnima SahniMohanty
GE Corporate Manager - Communications
[email protected]
+91-11-41555303