GE Capital: Which way after Wendt?

The chiefs at GE Capital Services attribute their success to not behaving like bankers. Their approach moving from financial services into related businesses has amassed assets of $255 billion and contributes 40% of parent GE's income. But driving force Gary Wendt has just retired and along with him goes or so it seems his strategy of growth by acquisitions. Where next for his creation?

You can’t miss Dan Porter’s cufflinks. The large, glistening orbs weigh down his wrists. They’re definitely not understated; some might call them ostentatious. Set into the pale face of each is a dollar sign and the number three that sparkle when they catch the light. Yes, they’re diamonds, confirms Porter, head of business development at GE Capital Europe.

The cufflinks were presented to each of the General Electric Capital Services (GE Capital) business heads just before Christmas last year by chairman and chief executive Gary Wendt.

GE Capital: Which way after Wendt?

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GE Capital: Which way after Wendt?

Thanks for your interest in Euromoney!To unlock this article:

The world’s best private banks for digital

Rebuilding banks from the inside out in the digital age

Eastward bound: Why Gulf banks are tapping Asia’s capital markets

Islamic Finance Innovation 2025

Thanks for your interest in Euromoney!
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