GE Real Estate, a leading global resource for commercial real estate capital, announced today that Mark Hutchinson has been promoted to president of the newly created GE Real Estate International, 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 2002-2005, 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.

"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,"
said Ron Pressman, president and CEO 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 Center of Excellence that will facilitate origination and asset management of debt portfolios and share best practices across the
platforms.

"We will leverage the outstanding Center of Excellence infrastructure currently in place in both Europe and Asia to support operations for our first-class GE Real Estate International functional team," said
Pressman. "These changes further accelerate our efforts to build an investment management organization while creating a large and more profitable debt platform."

source : GE Real Estate