GE's EMEA chief to lead European leverage division

James Fenner replaces James Greco as head of the firm’s European leverage finance division.

GE Capital's head of Europe, the Middle East and Africa capital markets, James Fenner, will be renamed president and chief executive officer of the firm’s European leveraged finance business.

Fenner replaces 15-year GE veteran Thomas Greco, “who has left to pursue opportunities outside of GE”, according to a statement. Greco had been appointed head of European leveraged finance in 2008, prior to which he'd been a senior managing director for GE Real Estate in North America.

Effective immediately, Fenner will be responsible for managing mid-market European transactions and further establishing the firm’s relationship with commercial partners such as Mubadala GE Capital, an $8 billion joint-venture established in 2008 by GE and Mubadala— a fund owned by the government of Abu Dhabi.

Prior to the transition, Fenner was head of capital markets for GE Capital EMEA, a position he held since he first joined the lender in late 2009. Before GE, Fenner was head of Merrill Lynch's EMEA leveraged loan division and also held a senior position in the loan capital markets division of Deutsche Bank.

GE Capital is the financial services unit of US-based conglomerate General Electric.