Ally Financial Announces Chief Financial Officer and Treasurer

DETROIT, Sept. 30, 2013 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that Christopher Halmy, currently corporate treasurer, has been named chief financial officer, effective Nov. 8, 2013.  Halmy will report to Jeffrey Brown, senior executive vice president of finance and corporate planning, and have responsibility for the oversight of the finance and treasury activities at the company.  He succeeds James Mackey, CFO, who will depart Ally for another career opportunity on Nov. 8, 2013.  Bradley Brown, currently the structured funding executive, will become Ally's corporate treasurer, reporting to Halmy. 

"Chris is a strong leader and has led many key treasury initiatives for Ally in recent years that have contributed to making the company's financial profile continually stronger.  He has the depth and range of experience to be an effective CFO for Ally," said Jeffrey Brown. "We are fortunate to have a strong bench of talent at the company, which will ensure a smooth transition for both Chris and Brad in their new roles." 

Halmy joined Ally in 2009 as the structured funding executive and was named corporate treasurer in 2011.  In that role, he had responsibility for the oversight of all treasury activities, including funding and balance sheet management.  Prior to joining Ally, Halmy served in a number of treasury positions at Bank of America, and prior to that, he held treasury, finance and accounting positions at MBNA America, N.A., Merrill Lynch & Co., JP Morgan & Co. and Deloitte & Touche. Halmy is a certified public accountant.

Bradley Brown joined Ally in 2011 as the structured funding executive with responsibility for the strategy, planning and execution of Ally's securitization activities, syndicated and privately placed bank facilities, whole loan sales and other structured funding.  Prior to joining Ally, Brown served in investment banking and treasury roles at Bank of America.  He also held finance and advisory positions at Salomon Brothers Inc. and Price Waterhouse. 

About Ally Financial Inc.
Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking. Ally's Commercial Finance unit provides financing to middle-market companies across a broad range of industries.

With approximately $150.6 billion in assets as of June 30, 2013, Ally operates as a bank holding company. For more information, visit the Ally media site at http://media.ally.com or follow Ally on Twitter: @Ally

Contact:
Gina Proia
646-781-2692
gina.proia@ally.com

SOURCE Ally Financial



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