Steve Sargent who currently heads GE and GE Capital for Australia and New Zealand will take on the top regional job for GE Capital, a vacancy created by the promotion of John Flannery to a new India role.
GE will partner with the sovereign wealth fund in areas such as clean energy, aviation and financial services, in a deal that will make Mubadala a top 10 shareholder in GE.
SAC and GE acquire control of Cosmos Bank in Taiwan for $900 million, while in Korea, Woori buys MBK's majority holding in Hanmi Capital for $289 million.
On the eve of Genpact's $600 million IPO on the NYSE, the company's CEO talks about his strategy to grow the $613 million business that employs 30,000 people.