Ally Financial Names David Shevsky as Chief Risk Officer

Dec 15, 2015, 15:15 ET from Ally Financial

DETROIT, Dec. 15, 2015 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that it has named David Shevsky as chief risk officer for the company, effective immediately.  In this role, Shevsky will have responsibility for the risk framework, processes and oversight for the company.  Prior to this position, Shevsky served as the chief risk officer for the Ally Bank subsidiary beginning in 2011.     

"Dave is an accomplished leader and long-time Ally executive who brings broad operational and risk experience from his nearly 30 years with the company and has been an outstanding contributor in establishing Ally's risk appetite and prudently growing Ally's leading businesses," said Ally Chief Executive Officer Jeffrey Brown.  "As Ally embarks on its journey to deepen customer relationships and expand our product offerings, Dave will be an important partner in ensuring that robust analyses and risk management continues to be part of the fabric of our business."

Shevsky joined Ally in 1986 where he began his career with a series of positions supporting the auto finance operation from a credit analysis and risk perspective.  During his career, he supported both the domestic and international auto finance operations, and in 2004, he became a senior vice president of enterprise risk for the company and began to take a company-wide view of commercial credit risk and capital management.  When Ally became a standalone company in 2006, Shevsky played a key role in establishing a more robust risk management function, and when the company became a bank holding company in 2008, he was responsible for establishing a loan review function, which he did until becoming the chief risk officer for Ally Bank in 2011.  Prior to joining Ally, Shevsky served in the United States Air Force from 1979 until 1984.

About Ally Financial Inc. Ally Financial Inc. (NYSE: ALLY) is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive services business offers a full spectrum of financial products and services, including new and used vehicle inventory and consumer financing, leasing, vehicle service contracts, commercial loans and vehicle remarketing services, as well as a variety of insurance offerings, including inventory insurance, insurance consultative services for dealers and other ancillary products. 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 Corporate Finance unit provides financing to middle-market companies across a broad range of industries.

With approximately $156.1 billion in assets as of Sept. 30, 2015, Ally operates as a financial 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