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New Hilco CEO Sees 2011 as ‘Sluggish’

NORTHBROOK, IL-Thomas Greco, formerly president and CEO of GE Corporate Finance Bank in London, was recently named CEO of Hilco Appraisal Services LLC.

By Robert Carr | Updated on October 05, 2010

NORTHBROOK, IL-Making the move from his previous post as president and CEO of GE Corporate Finance Bank in London, Thomas Greco, the new CEO of Hilco Appraisal Services LLC here, says he sees improvement in metrics across the globe. He took over the job from Arnold Dratt, who was named chairman of this appraisal division of Hilco Trading LLC.

Greco says the global economy is showing signs of improvement. “Employment and consumer consumption is still a challenge, however,” he tells GlobeSt.com. “If you look at it through the eyes of our customers, they’re putting a lot of energy in lost mitigation and balance sheet management than in new business. I think we’ll see sluggish growth throughout most of 2011.”

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