New CEO for GE Capital
(11 February 2010 – Australia) GE Capital has announced the appointment of Skander Malcolm as the new CEO of GE Capital Australia and New Zealand.
Mr Skander’s brings to the non-bank lender more than 18 years experience in the financial services industry in Australia, UK and the US.
GE Capital’s new CEO steps into the role after spending seven years with the company.
Mr Skander joined GE in 2003 as client director, MasterCard, where he led the regulatory project to obtain a Specialist Credit Card Issuer Licence from APRA. He was then appointed managing director of Card Solutions, GE Money in 2004 and was promoted to managing director, Retailer Solutions in 2007, when this group was combined with the Retail Finance division.
Mr Skander will report to his predecessor, Steve Sargent, who was promoted in November to chief executive officer of GE Capital’s Operations in Asia Pacific; as well as retaining his role as CEO of Operations, Australia and New Zealand.
Steve Sargent, president and chief executive officer, GE Capital, Asia Pacific, said that Mr Skander is ideal for this position and will lead GE Capital’s growth plans in this region to provide formidable competition to the banks.
He has an excellent knowledge of the finance industry, local market dynamics and GE Capital’s diverse finance businesses, Mr Sargent said.
Throughout his career, Mr Skander has developed strong customer relationships, built talented teams and found innovative ways to grow the business. In a very challenging 2008 and 2009, he led GE’s Retailer Solutions team to double-digit growth, despite difficult market conditions, Mr Sargent added.
GE Capital’s new CEO steps into the role after spending seven years with the company.
Mr Skander joined GE in 2003 as client director, MasterCard, where he led the regulatory project to obtain a Specialist Credit Card Issuer Licence from APRA. He was then appointed managing director of Card Solutions, GE Money in 2004 and was promoted to managing director, Retailer Solutions in 2007, when this group was combined with the Retail Finance division.
Mr Skander will report to his predecessor, Steve Sargent, who was promoted in November to chief executive officer of GE Capital’s Operations in Asia Pacific; as well as retaining his role as CEO of Operations, Australia and New Zealand.
Steve Sargent, president and chief executive officer, GE Capital, Asia Pacific, said that Mr Skander is ideal for this position and will lead GE Capital’s growth plans in this region to provide formidable competition to the banks.
He has an excellent knowledge of the finance industry, local market dynamics and GE Capital’s diverse finance businesses, Mr Sargent said.
Throughout his career, Mr Skander has developed strong customer relationships, built talented teams and found innovative ways to grow the business. In a very challenging 2008 and 2009, he led GE’s Retailer Solutions team to double-digit growth, despite difficult market conditions, Mr Sargent added.
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