GE Capital Lays Off Five Investment Pros

GE Capital has laid off five professionals as it continues to trim its capital markets lending group, a spokesperson confirmed.

The spokesperson declined to name those affected, but peHUB has learned the cuts included the following professionals: Mary D’Souza, a managing director in GE Capital’s sales group, Jim Gruppo, a managing director in GE’s Franchise Finance group, which provides loans to restaurant, beverage and hospitality companies, Steve Johnson, a managing director in the media group of GE Capital Markets, and Garret Komjathy, a senior vice president in the company’s media group.

GE Commercial Finance, headquartered in Norwalk, Conn., is the commercial lending arm of General Electric, which in December last year said it would aim to save $2 billion in a reorganization of GE Capital. The company announced it would shrink GE Capital’s contribution to the conglomerate’s overall profit from the 45% it previously contributed.

Previously:

The Ax Falls Tomorrow at GE Capital

GE Antares Jobs Safe For Now

GE Capital Still Open For Business, Spokesperson Says