General Electric
NYSE : GE

September 08, 2005 15:25 ET

Power Investment Veterans Join GE's Energy Financial Services Unit

STAMFORD, Conn. and TORONTO--(CCNMatthews - Sep 8, 2005) -

GE's Energy Financial Services unit is bolstering its global power team with the appointment of two senior investment originators. Peter J. Marquis joins as managing director, based in Stamford, and Jamie Manson boards as senior vice president in Toronto.

"These two experienced professionals will add their considerable industry relationships and expertise to help us grow in at least two ways: capitalizing on new US energy policy that may create more US power investment opportunities; and investing in replacement and upgrade of power plants and in renewable energy in Canada," said Leanne Bell, Managing Director for Power at GE's Energy Financial Services unit.

Marquis brings 12 years of investment banking experience in energy mergers and acquisitions and corporate finance from Lazard, Morgan Stanley, SG Barr Devlin and Smith Barney. A former US Navy officer, Marquis holds a BS in Systems Engineering from the United States Naval Academy and an MBA from Rensselaer Polytechnic Institute. He resides in Darien, Connecticut.

Manson worked in capital markets and project finance for 15 years at Republic Financial, New York Life, Banque Paribas and CIBC. He holds a BBA from the University of Notre Dame, with a concentration in Finance and International Relations. He resides in Ajax, Ontario.

GE's Energy Financial Services unit has made global investments in power projects with capacity to produce 22 gigawatts, enough to power more than 20 million homes.

About GE

GE's Energy Financial Services unit, based in Stamford, Connecticut, USA, invests about $3 billion annually in the world's most capital-intensive industry, energy. With more than $12 billion in assets, GE's Energy Financial Services unit offers structured equity, leveraged leasing, partnerships, project finance and broad-based commercial finance to the global energy industry from wellhead to wall socket.

GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.

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