The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Ron Pressman, General Electric: Meeting future liabilities, confidently

Ron Pressman is one of a vanishing breed – the lifetime employee. In June he marks 27 years at General Electric. He's a fitting choice to head GE Asset Management, says John Keefe.

This article appears courtesy of Global Investor.

TEAM ASSET Management oversees the $55 billion General Electric Pension Trust defined benefit plan, as well as the company's $24 billion of insurance assets, and $15 billion of employee accounts. Not only is GEAM one of the few sponsors to oversee its own portfolio day to day, it also manages over $100 billion for clients outside the firm, including insurance companies and institutional and retail investors, making total assets $199 billion at year end 2006.

 "In my first seven years, I worked in financial areas at GE International and GE Corporate," said Ron Pressman, CEO?of GEAM. "I then had my first 'real job' as Controller of Kidder Peabody (a GE subsidiary at the time) in 1987. For the last 15 years, I've been running businesses – industrial ones, like power generation systems in Europe and the US, and then returning to Financial Services, to lead real estate finance and investing for GE Capital, and then GE's reinsurance and insurance business from 2000 to 2006."

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree