GE RE appoints president of new international unit

GE Real Estate announced on Monday that Mark Hutchinson has been promoted to president of GE Real Estate International, a new unit covering operations in Europe and Asia.

Hutchinson has broad experience as a global business leader, most recently as president of GE Real Estate Asia-Pacific, since 2005. As leader of GE's capital markets team from 2001-2005, he 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.

'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,' said Ron Pressman, president and CEO of GE Real Estate.

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 Center of Excellence that will facilitate origination and asset management of debt portfolios and share best practices across the platforms.