Ally Names Diane Morais to Head Ally Bank Subsidiary

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Mar 24, 2015, 11:10 ET

DETROIT, March 24, 2015 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that Diane Morais will assume the positions of president and chief executive officer of the Ally Bank subsidiary. Morais has served as the deposits and line of business integration executive for the bank.

"Ally Bank has been a great success story for the company, and Di has been a part of that journey since it began," said Ally Chief Executive Officer Jeffrey J. Brown. "Di has helped to develop our leading deposit franchise from its products to the customer-centric philosophy we have become known for. Her experience will allow us to further expand upon our strengths in the business as the online banking platform becomes an increasingly important component of the overall company. Her expertise in deepening customer relationships and banking product development will be critical in the next stage of Ally's evolution."

Morais commented, "Being part of Ally Bank's development and evolution has been extremely rewarding. In six years, we have become a leading market participant, grew to $50 billion in retail deposits, and established a loyal customer base of nearly one million consumers who are looking for competitive products and a great experience from their bank. I look forward to leading this chapter and continuing to expand this franchise."

Morais joined Ally in 2008 as the deposits and product innovation executive and was part of the team that launched Ally Bank. Her role expanded in 2010 and included oversight for the deposit business, ranging from marketing strategies, products and pricing, and the overall customer experience for the bank. Prior to joining Ally, Morais was at Bank of America for 12 years and held a variety of senior leadership positions, including deposit and debit products executive, national customer experience executive, card services marketing, and consumer mortgage vendor management executive. Morais also spent nine years at Citibank's credit card division in a variety of marketing, risk and finance roles.

Ally Bank, member FDIC, was launched in 2009 as the direct banking subsidiary of Ally. The bank offers retail deposit products through its website, customer call center and mobile apps. The bank has a straightforward approach to banking with no minimum deposits, no monthly maintenance fees and 24/7 live customer service. The bank has received numerous recognitions, including being named Best Online Bank for four consecutive years by MONEY® Magazine.

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 $151.8 billion in assets as of Dec. 31, 2014, 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
[email protected]

SOURCE Ally Financial