GE Real Estate names new international head
GE Real Estate, the commercial property arm of the financial services and industrial conglomerate General Electric, has named a new head of its international operations covering Europe and Asia, in the second high-profile reshuffle the company has made this week.
Mark Hutchinson, formerly president of GERE’s Asia-Pacific business, will take on greater responsibility for managing the firm’s debt and equity originations, asset management and net profit performance across its operations in Europe and Asia.
The move comes a day after GERE said it was posting Mike Rowan, the managing director and head of its UK business, back to the US as president to run its equity investing in the Americas, including venture and direct investments among others.
Ron Pressman, president and chief executive of GERE, said the creation of a new international team with “profit and loss responsibilities will improve” its efficiency and provide “added clarity” in an environment with attractive growth opportunities.
GERE said the organisational changes include the formation of what it called an International Debt Center of Excellence to facilitate origination and asset management of debt portfolios and share best practices across the company’s various platforms.
The reorganisation follows GERE’s move last month to name Marianna Nitsch as general counsel Europe following the promotion of Thierry Leleu to the role of European managing director of its global investment management platform.
GERE has over $87bn (€56.3bn) in assets under management and a presence in 31 markets throughout North America, Europe, Asia, and Australia and New Zealand.
--write to dkerr@efinancialnews.com
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