| "The creation of a new international team with P&L responsibilities will improve our efficiency" Ron Pressman, GE Real Estate |
This move marks a promotion from Hutchinson’s former post as president of GE Real Estate Asia-Pacific. He also led GE’s capital markets team from 2002–05 and played a key role in numerous complex transactions in North America, Europe and the Pacific Rim. His accomplishments include building a pan-European capital markets team and spearheading the financing of key energy-related construction projects in China and Indonesia. Hutchinson joined GE Capital in 1994. "Mark’s considerable expertise in building business teams and orchestrating development projects around the world will be invaluable as we sharpen the configuration of our diverse global operations," says Ron Pressman, president and chief executive of GE Real Estate. "The creation of a new international team with P&L responsibilities will improve our efficiency and provide added clarity in a dynamic environment with attractive growth opportunities."
Hutchinson and his team will be responsible for debt and equity originations, asset management and net income performance. The organizational changes include the formation of an international debt centre of excellence that will facilitate origination and asset management of debt portfolios and share best practices across the platforms.