GE Capital restructures legal team and moves centre of legal operations to UK

GE Capital has also promoted chief legal counsel Andrew Bull (pictured above) to general counsel, succeeding New York-based Jim Waterbury in the role. Bull will remain in London once he moves into the position.

Waterbury will now become senior counsel for mergers & acquisitions at GE Corporate.

GE Capital real estate GC, Mark Horncastle, who is also based in London, will take on Bull’s responsibilities as chief legal counsel for GE Capital International. The role encompasses all legal matters for GE Capital in all regions apart from the US.

The company is nearing the completion of a $200 billion (£154 billion) business divestiture of its global commercial and consumer units and is focusing on providing financing for GE products.

Bull, who trained as an lawyer at in South Africa, spent just over a year as an associate at Clifford Chance before joining GE Money UK in 2001. He moved over to GE Capital in 2005.

Regular advisers to GE Capital include Clifford Chance, which acted on the sale of its European sponsor finance unit to Sumitomo Mitsui Banking Corporation Europe last year, Weil Gotshal & Manges and King & Wood Mallesons.