GE Capital chooses James Fenner to lead capital markets division

By Devika Patel

Knoxville, Tenn., July 15 - General Electric Capital Corp. said it has chosen James Fenner to be its new head of capital markets for GE Capital in EMEA.

Based in London, Fenner will be responsible for all strategic lease and loan syndication activities and will oversee securitization and alternative funding strategies - in partnership with GE's Treasury function - for GE Capital businesses in the region. Fenner will report to EMEA president and chief executive officer Richard A. Laxer.

Fenner was previously head of leveraged loan capital markets at Merrill Lynch, a position he held since 2005. Prior to that, he was in a variety of roles with Deutsche Bank from 1986, ending as managing director of loan capital markets responsible for project finance, telecoms and leveraged finance.

"As one of the largest lenders to the SME sector in EMEA, and the largest factoring provider globally, GE Capital is already working extensively with governments and customers in the major European economies to support key sectors and businesses," Laxer said in a press release.

"James brings a wealth of experience to the capital markets role that will help us provide more creative solutions to customers and generate new sources of funding that we can pass onto businesses."

The funding arm of General Electric is based in Fairfield, Conn.

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