PITTSBURGH--(BUSINESS WIRE)--Feb. 3, 2005--GE Commercial Finance Corporate Lending announced that it has established a Pittsburgh office to be led by Peter K. Lee, vice president. Mr. Lee will have responsibility for originating corporate lending opportunities and strengthening customer relationships in the region. He will report to Joseph Wiles, team leader, Corporate Lending.
GE Commercial Finance Corporate Lending is a leading provider of financing solutions uniquely positioned to provide products across the entire debt spectrum including asset-based financing, cash flow lending, securitization and corporate restructuring.
Mr. Lee has more than 25 years of diversified banking experience with Mellon Financial. He most recently served as Vice President, Corporate Banking Department, where he managed an $800 million credit portfolio. During his tenure, he also held executive positions with the Mid-Corporate Banking Department, Credit Policy Department, Risk Management and Compliance Department, and Credit Recovery Department.
"Peter Lee's broad finance experience and wealth of industry relationships will be of considerable value as we work to increase our visibility and better serve our lending customers throughout the Pittsburgh region," said Mr. Wiles.
Mr. Lee holds a B.S. in accounting from Pennsylvania State University, and a master's degree in management from Carnegie Mellon University.
About GE Commercial Finance Corporate Lending
GE Commercial Finance Corporate Lending offers financing to clients from middle-market companies to large corporations. Products and services include asset-based financing, cash flow lending and corporate restructuring. Corporate Lending is a leading global provider of financing solutions for investment and non-investment grade companies - committed to supporting clients at all stages of the business cycle. For more information on the businesses and products of GE Commercial Finance Corporate Lending, please visit www.gelending.com. GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $230 billion and is headquartered in Stamford, Connecticut. General Electric (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. For more information, visit the company's website at www.ge.com.
Contacts
GE Commercial Finance
Ned Reynolds, 203-229-5717
or
TorranceCo
Jim Marren, 212-786-6133
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340