General Electric Co. hired insurance industry investment banker Eric Solash for its global operations group, where he will help infrastructure customers raise financing from sources besides banks.
Solash left boutique advisory firm Freeman & Co. in March to join Fairfield, Connecticut-based GE as a managing director, according to an internal company announcement. He will focus on non-bank funding that includes insurers, reinsurance companies, pension funds, sovereign wealth funds and private equity, said Russell Wilkerson, a spokesman for the GE Capital unit.
GE hired a former JPMorgan Chase & Co. treasurer, Mark Kleinman, as a senior managing director last year to oversee a new team that will help clients around the world finance building projects, Wilkerson said.
Solash joined New York-based Freeman in 2007, according to the company’s website. His previous experience includes working at two closely held insurers, as a strategy consultant for Ullico Inc. and head of mergers for Inviva Inc., according to his Freeman biography.