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Banking GE Capital forms development group

GE Capital forms development group

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

A. Lee Graham Reporter lgraham@bizpress.net

GE Capital’s Equipment Finance segment in Irving is forming a business development group, led by 28-year company veteran Jim Kelly. The new unit will focus on creating new vendor and dealer financing programs, allowing manufacturers to capitalize on the programs’ benefits for their equipment distribution channels. “The equipment markets in the U.S. are beginning to grow again, which presents opportunities for us,” said Diane Cooper, CEO of Equipment Finance and a GE company officer, commenting in a news release. “As manufacturers refocus on their core capabilities and plan to expand their businesses, they may be looking to partner with a finance company that has extensive experience creating full-scale financing programs to reach and support their commercial customers,” Cooper said. Kelly’s team includes industry veterans with domain expertise in manufacturing, information technology, office imaging, truck transportation and health care industries. Kelly has been managing director of GE Capital’s Vendor Finance business since 2009. He started his career in 1985 through GE’s financial management program. With more than $36 billion in lease and loan transactions since 2007, GE Capital’s Equipment Finance business manages more than 40 manufacturer financing programs spanning more than 10 industries, including transportation, construction and manufacturing. It provides wholesale and retail financing for equipment manufactures. More information is available at www.gecapital.com.

 

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