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.