Magazine article American Banker

Executive Changes

Magazine article American Banker

Executive Changes

Article excerpt

NEW ENGLAND

GE Money, the Stamford, Conn., consumer finance unit of General Electric Co., has promoted William H. Cary to president and chief executive officer.

Mr. Cary had been a senior vice president of the unit and the president and CEO of its GE Money Europe, Middle East, and Africa since 2006.

He has worked for GE since 1986 and has led a number of its financial businesses, including GE Capital Vendor Financial Services.

His titles have included vice president of investor relations and vice president for financial planning and analysis.

He succeeded David R. Nissen, who had led the consumer finance business since 1993 and will retire after a transition period.

MIDWEST

Claymore Securities Inc. of Lisle, Ill., has promoted Christian Magoon to president of its Claymore Advisors LLC and Michael Rigert and Tony DiLeonardi to vice chairmen of the unit.

Mr. Magoon joined Claymore Securities in 2003 as the managing director of unit investment trusts.

He will remain in charge of its U.S. exchange-traded fund business, a job he has held since 2006, and will oversee unit investment trust product development, marketing, and distribution. …

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