Some of the biggest changes for our team since the crisis are understanding the new rules as well as putting a lot more governance and controls over how we manage liquidity, how we manage our funding and ultimately how we operate with more intensity, she said.
Before leading the treasury operation, Cassidy was managing director, GE Capital Real Estate, responsible for the strategic ventures business and its Mexican operations.
She has also led GE Real Estates capital markets business, where she was responsible for building the commercial mortgage-backed securities and institutional capital business for small and large loans. In 1987, Cassidy pioneered GEs early securitization efforts in asset-backed consumer and commercial products.
Kathy Cassidy, retiring from GE after 35 years
GE said Cassidy will continue to manage the treasury aspects related to the estimated $20 billion IPO of its North American retail finance business Synchrony Financial, which is slated for this summer.
Janki, who began his career with GE in 1992, has held a number of senior finance positions within the company, including chief financial officer of GE Equity, CFO of GE Money-Americas, head of GE Investor Relations and CFO for GE Energy before leading Energy Management.
Mark Begor, who currently leads GE Capitals Real Estate business, will succeed Janki as president and CEO of GE Energy Management. Alec Burger, head of GE Capital Real Estate, North America, succeeds Begor.