GE Capital Aust, NZ appoints new CEO

GE Capital has promoted former managing director of retail, Skander Malcolm, as chief executive of GE Capital Australia and New Zealand.

Mr Malcolm, 41, will report to his predecessor in the role, Steve Sargent, who was promoted last year to run GE Capital's operations in Asia Pacific.

"Skander is ideal for this position and will lead GE Capital's growth plans in this region to provide formidable competition to the banks," Mr Sargent said.

Mr Malcolm has more than 18 years experience across financial services. He joined GE in 2003 after previously positions with Household International in the US and UK, and with Westpac Banking Corporation.

- NZPA