GE Capital has hired Ryan Zanin as its new chief risk officer. He will take over for Jim Colica, who is retiring after 27 years of service.

Mr Zanin is joining GE Capital after over 25 years in the financial services industry, specializing in risk management. Most recently, he was the managing director and chief risk officer for corporate credit and risk management in the international and capital markets at Wells Fargo & Company. He also served as the managing director and chief risk officer in corporate and investment bank at Wachovia Corporation, a Wells Fargo Company.

Prior to Wells Fargo, Mr Zanin spent 14 years in senior leadership roles across Deutsche Bank, including managing director and chief credit officer of global leveraged, structured and real estate finance at corporate and investment bank, and managing director and deputy head of loan exposure management as well as managing director of leverage finance at corporate & investment bank.

Mike Neal, chairman and CEO of GE Capital, said: “The hiring of Ryan Zanin is another demonstration of our commitment to excellence. He is a proven risk manager with a global perspective and broad functional experience. He has served in increasingly more senior roles in a number of leading financial services businesses. Ryan is an ideal candidate to lead our risk function in this new environment.”