Further to the article in Banking Day yesterday, the Municipal Association of Victoria advised that the Local Government Funding Vehicle project is on track to be launched to the market this month. Lonsec Stockbroking has appointed its head of institutional sales, John Murray, as the new chief executive of its retail stockbroking business, according to Investor Daily. Murray joined Lonsec in 2011 after spending 19 years with rival brooking group Bell Potter. GE Capital is targeting the first half of 2015 for completion of the sale of its Australian and New Zealand consumer finance business, according to the Australian Financial Review. Advisers Credit Suisse and Morgan Stanley are working on a dual track process but GE is said to prefer a trade sale. The business has about A$7 billion of assets.