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GE appoints chief risk officer

Amanda Jarvis

May 26, 2006

In his new role, Rick will be responsible for leading the risk division in developing risk policies and processes to ensure the future profitable growth of the business.

Rick joins the senior management team of GE Money Home Lending from Lloyds TSB where he was latterly working with their mortgage group, Cheltenham & Gloucester. Prior to this role, Rick represented LTSB in its joint venture as Risk Director at Goldfish Bank, was Credit & Risk director for the National Bank of New Zealand and Head of Audit Strategy for the Group. At GE Money Home Lending he will report directly into Colin Shave, CEO.

Colin Shave, CEO GE Money Home Lending said: “We are delighted to welcome Rick into this role. He brings with him immense experience across the consumer lending industry, with particular emphasis on managing risk and driving growth. Rick will be a strong asset to the senior management team of GE Money Home Lending.”

Commenting on his new role, Rick added: “I’m really excited about this role and look forward to working with the rest of the team to drive the business forward. There are a number of new areas for us to explore and as chief risk officer I hope to bring best risk practice to maximise the opportunities for profitable growth. ”


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