Ally Financial Appoints Russell Hutchinson As CFO

RTTNews | 1271 days ago
Ally Financial Appoints Russell Hutchinson As CFO

(RTTNews) - Financial services company Ally Financial Inc. (ALLY) announced Friday that Russell Hutchinson will join the company as its chief financial officer, effective July 3, 2023. He will report to Ally CEO Jeffrey Brown and be based in Charlotte, N.C.

Hutchinson brings extensive experience in the financial-services industry. He most recently served as chief operating officer for global mergers and acquisitions at Goldman Sachs Group Inc., after holding the position of chief strategy officer.

Earlier, Hutchinson spent two decades working in Goldman's Investment Banking Division, advising clients in the specialty finance sector - including Ally.

Prior to joining Goldman Sachs, Hutchinson began his career as an associate consultant at the Boston Consulting Group in its Toronto office.

Bradley Brown, who has served as interim CFO since October 2022, will return to his full-time role as corporate treasurer once Hutchinson begins in July.

read more
Ally Financial Q1 Results Top Estimates

Ally Financial Q1 Results Top Estimates

Ally Financial Inc. (ALLY), a bank holding company, reported Thursday that first-quarter net income attributable to shareholders decreased to $129 million or $0.42 per share from $291 million or $0.96 per share in the year-ago quarter.
RTTNews | 880 days ago
New York Manufacturing Index Pulls Back Sharply But Remains Positive

New York Manufacturing Index Pulls Back Sharply But Remains Positive

The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth. The New York Fed said its general business conditions index slumped to 7.6 in September from 20.6 in August.
RTTNews | 3h 19min ago
Bay Street Likely To Open On Slightly Weak Note

Bay Street Likely To Open On Slightly Weak Note

Weak Canadian and U.S. futures, lower precious metals prices and concerns about inflation and interest rates could weigh on Canadian stocks Tuesday morning. Investors look ahead to Federal Reserve's monetary policy announcement on Wednesday.
RTTNews | 4h 21min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Tuesday.
RTTNews | 4h 40min ago
FTSE 100 Recovers Despite Weak UK Jobs Data, Oil Concerns

FTSE 100 Recovers Despite Weak UK Jobs Data, Oil Concerns

The FTSE 100 recovered from early losses on Tuesday as consumer and real estate stocks rallied. Disappointing employment data and oil price concerns pressured equities, while traders awaited policy guidance from global central banks.
RTTNews | 5h 8min ago
German ZEW Economic Sentiment Improves Moderately

German ZEW Economic Sentiment Improves Moderately

German economic confidence improved moderately in September as experts were cautiously optimistic about economic recovery, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The ZEW indicator of economic sentiment rose less-than-expected to 34.7 in September from 34.2 in the previous month. The reading was seen at 39.8.
RTTNews | 6h 4min ago