View more on these topics

GE Money CEO Colin Shave to retire

GE Money Home Lending chief executive officer Colin Shave has decided to retire on December 31, 2010, after a 35-year career with GE.

Shave, who is also the chairman at GE Money Home Lending, joined the business in 2003 and previously worked for GE in a variety of roles around the world including South Africa, the US, Venezuela and across continental Europe.

GE Capital Restructuring Operations president and chief executive officer Mark Begor says: “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.”

Shave is also the deputy chairman of the Council of Mortgage Lenders and a director of IMLA.

GE Money Home Lending portfolio management director Duncan Berry will be promoted to chief executive officer on January 1, 2011, subject to regulatory approval.

Begor says: “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.”   

Berry has previously worked for Price Waterhouse and Navidec, before spending the last 14 years at GE in a range of roles spanning finance, business development, and 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.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. GOOD RIDDANCE to Colin Shave !!GE Money have caused me and my family untold damage having overcharged me nearly £20,000 in interest on my mortgage, tried to repossess my home and STILL can’t get the figures right after nearly 3 years…and have left me with a £4000 plus lawyers bill!!!!!!!!!!!!!!!!!!!!!!!!HOW MANY OTHERS!!!!!
    Have you been a victim of their disgusting practices?

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm