General Electric (GE) has also announced that GE officer Jeff Bornstein has been promoted to senior vice president. Mr Bornstein is currently the CFO of GE Commercial Finance located in Connecticut.

Mr Alcus has been with GE for more than 16 years. Prior to his current role he was managing director of GE Corporate Financial Services’ asset securitization group. Mr Alcus obtained his masters degree in business administration from Duke University and graduated from Dartmouth College with a Bachelor of Science in economics.

Prior to his current role, Mr Durand was CEO for GE Money France, DOMS and Belgium and held various commercial leadership roles in both GE Money Europe and the Americas. Mr Durand graduated from Ecole Polytechnique in Paris and from Ecole Nationale des Ponts et Chausses with a major in business.

Mr Kriedberg earlier served chief risk officer for Aviation Financial Services and executive vice president and manager of structured finance. Mr Kriedberg obtained his Masters degree in accounting from Pace University in New York and graduated from Albany State University with a Bachelor of Science in economics.