Get 40% Off
📈 Free Gift Friday: Instantly Copy Legendary Investors' PortfoliosCopy for Free

Ally Financial taps Goldman Sachs executive Hutchinson as CFO

Published 03/24/2023, 08:50 AM
Updated 03/24/2023, 08:56 AM
© Reuters. The logo and trading information for Ally Financial Inc appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

(Reuters) - Ally Financial (NYSE:ALLY) Inc has hired Russell Hutchinson from Goldman Sachs (NYSE:GS) as its chief financial officer effective July 3, the company said on Friday.

Hutchinson has spent two decades working in Goldman Sachs's investment banking division, advising clients in the specialty finance sector – including Ally.

He will report to Ally's CEO Jeffrey Brown and will be based in Charlotte, N.C.

"He was instrumental in helping us to evolve into the publicly traded and strong company we are today," Brown said in a statement.

Hutchinson began his career as an associate consultant at the Boston Consulting Group in its Toronto office.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.