Karen Halliday, formerly of Deutsche Bank, was scheduled to start work at GE Capital today as a senior v.p. in capital markets services, making her the most recent Deutsche Bank staffer to switch alliances. She will be supporting the global sponsored finance business with William Allen, also a senior v.p. Halliday is reporting to Mary Beth Burnett, managing director, said a GE spokesman. Halliday, who left Deutsche Bank in July 2002, could not be reached. Kevin Burke, a managing director in GE's Capital Markets Group, also an ex-Deutsche Bank banker, joined the firm in April (LMW, 4/14).
Also new to GE is John Moses, formerly a managing director and senior member in Deutsche Bank's U.S. leveraged finance and sponsor coverage group. Moses joined GE last month to become a managing director and senior originator in the GE Global Sponsor Finance division's Midwest operations in Chicago. Moses reports to Steve Montross, a managing director responsible for strategic marketing in the same group.
Stuart Aronson heads the GE Global Sponsor Finance division, which was formed by GE in March of this year in order to centralize some of the firm's businesses, including GE Merchant Banking and the GE Structured Finance Sponsor Group, and to provide single point coverage to private equity firms. A Deutsche Bank spokesman did not return calls.