GE Appoints Peter Herbert as New Company Officer

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The FINANCIAL — GE announces the appointment of Peter Herbert, CEO of GE Capital European Mortgage & Restructuring Group to company officer, according to GE.

 

GE currently has 196 GE officers globally who lead large revenue generating businesses or are in critical functional roles, helping to drive growth.

Peter Herbert, 56, joined GE in May 2008 as Chairman & CEO of GE Money CZ, one of the Czech Republic’s leading financial institutions, and was a key member of the executive team responsible for leading GE Capital’s former Global Banking business. He was appointed to his current pivotal role as CEO of GE Capital EMRG reporting to Bill Cary, COO of GE Capital, in order to drive maximum value from GE Capital’s mortgage assets across eight European markets.

Prior to joining GE, Herbert was Deputy Group Head of the International Banking Group at the National Bank of Kuwait, from 2007 to 2008, where he played a key role in building NBK’s retail banking business in the MENA region, notably leading the integration of a major acquisition in Egypt.

Herbert began his career in 1975 in the International Division of Barclays Bank PLC, where he subsequently enjoyed a long and successful career spanning a variety of senior roles, including CFO of Barclaycard and then the Retail Financial Services Division. As Group Strategy & Planning Director, Herbert oversaw Barclays’ mergers and acquisitions program from 2000 to 2003, before leading the rapid expansion of Barclaycard International, transforming the business into a global entity and trebling the international cards business to 6.4MM cards in issue.

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Herbert graduated in banking through the UK Chartered Institute of Bankers.

 

 

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