March 19, 2008
GE Real Estate starts global investment management biz
GE Real Estate in Norwalk, a commercial real estate investment business, has named Joe Parsons president and CEO of its newly formed global investment management division.
In the new position, Parsons will provide the strategy to lead all of the business's activities and to leverage its equity investing expertise to deliver returns of global investors. GE Real Estate generated $18 billion in investment programs for GE in 2007.
Most recently Parsons was president of GE Real Estate's North America equity division.
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