Ally Financial Inc. (ALLY) NYSE
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- General
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- Historical Data
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- Financials
Ally Financial Inc.
Address
Ally Detroit Center
Detroit, MI 48226
United States of America (the)
Phone
866 710 4623
Website
Sector
Financial Services
Industry
Financial - Credit Services
Employees
10300
First IPO Date
January 28, 2014
Key Executives
| Name | Title | Pay | Year Born |
| Michael G. Rhodes | Chief Executive Officer & Director | 5.57M | 1966 |
| Stephanie Richard | Chief Risk Officer | 1.77M | 1973 |
| William C. Hall Jr. | President of Corporate Finance | 2.26M | 1960 |
| Russell Hutchinson | Chief Financial Officer | 2.96M | 1975 |
| Douglas R. Timmerman | President of Dealer Financial Services | 3.13M | 1963 |
| Hope D. Mehlman | Chief Legal & Corporate Affairs Officer and Corporate Secretary | 3.95M | 1965 |
| Austin T. McGrath | Vice President, Corporate Controller & Chief Accounting Officer | 0 | 1983 |
| Daniel Soto | Chief Compliance Officer | 0 | N/A |
| Dan Ignacio | Executive Director of Corporate FP&A and Investor Relations | 0 | N/A |
| Mark Mathewson | Chief Information & Data Officer | 0 | N/A |
| Andrea C. Brimmer | Chief Marketing & Public Relations Officer | 0 | 1966 |
Description
Ally Financial Inc. operates as a digital-first financial services provider, offering a comprehensive suite of products and services to individual consumers, commercial enterprises, and corporate clients. Its primary operational footprint spans the United States and Canada. The company is structured into four main operating segments: 1. Automotive Finance Operations: This segment specializes in vehicle financing solutions. Offerings include retail installment sales contracts, loans, and operating leases for consumers, as well as term loans for dealerships. It also facilitates dealer floorplan financing, other lines of credit for dealers, warehouse lines for automotive retailers, and fleet financing. Furthermore, this division provides funding for companies and municipalities purchasing or leasing vehicles and offers vehicle remarketing services. 2. Insurance Operations: Through this segment, Ally provides consumer finance protection and various insurance products via the automotive dealer channel. It also extends commercial insurance products directly to dealerships. Key offerings include vehicle service and maintenance contracts, guaranteed asset protection (GAP) products, and underwriting for commercial coverages, primarily safeguarding dealers' vehicle inventory. 3. Mortgage Finance Operations: This division oversees a portfolio of consumer mortgage loans. Its activities encompass the bulk acquisition of jumbo and low-to-moderate income mortgage loans originated by third parties, alongside direct-to-consumer mortgage offerings. 4. Corporate Finance Operations: This segment delivers senior secured leveraged cash flow loans and asset-based lending solutions to middle-market companies. It also provides other leveraged loans and commercial real estate products, particularly catering to firms within the healthcare industry. Beyond its core segments, Ally Financial Inc. also furnishes a variety of commercial banking products and services, alongside securities brokerage and investment advisory services. The company, founded in 1919 and based in Detroit, Michigan, was previously known as GMAC Inc. before officially changing its name to Ally Financial Inc. in May 2010.
