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GE Team Moves to Annaly Capital

NEW YORK CITY—Annaly Capital Management Inc. has scooped up a team of senior professionals from GE Capital Management. This comes just weeks after GE Capital announced it would be selling its commercial and consumer businesses,

By Alexandra Schonfeld | Updated on May 15, 2015

NEW YORK CITY—In a significant step in expanding its real estate platform, Annaly Capital Management Inc. has scooped up a team of senior professionals from GE Capital Management. This comes just weeks after GE Capital announced it would be selling its commercial and consumer businesses, which are valued at $23 billion, to Blackstone and Wells Fargo over the next two years.

The five-member GE Capital Real Estate team is headed by Jeffery J. Thompson, who has over 20 years of experience in commercial real estate. Most recently, Thompson served as the managing director of the Strategic Capital Group at GE Capital Real Estate. Thompson will join Annaly’s team along with four members of his Real Estate team from GE, according to a prepared release by Annaly earlier this week. Thompson will assume the position of Co-Head of Annaly’s commercial real estate platform along with Annaly executives Michael Quinn and Robert Restrick.

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