Duncan Berry, presently portfolio management director with GE, will - subject to regulatory approval - be promoted to chief executive officer with effect from 1 January 2011.
Mark Begor, president and chief executive officer of GE capital restructuring operations, said: “Colin has enjoyed a long and distinguished career within GE and in particular at GE Money Home Lending which, under his leadership, is one of the UK’s leading specialist lenders. It is with mixed emotions that we see Colin leaving us to enjoy a much deserved retirement.”
Colin has also been an influential voice in the mortgage market, presently holding the positions of deputy chairman of the CML and a director of IMLA. Beyond the industry, he has served on the board of Habitat for Humanity UK for the last 4 years and is an active supporter of their worthwhile cause.
Begor added: “Whilst it is sad to say farewell to Colin, I am delighted to promote Duncan to CEO, as he is ideally suited to continuing the excellent work that Colin has spearheaded at the company.”
Duncan Berry is a graduate of Oxford and INSEAD and has 20 years experience, having worked for Price Waterhouse and Navidec, before spending the last 14 years at GE in a range of roles spanning finance, business development, sales and operations, in locations across Europe and the US. Since 2005, he has been a board director of GE Money Home Lending in the UK.
