#United States #Charlotte, N.C. #Policy Advisor #Ally Financial #Rodney Hood

Ally Financial Welcomes Rodney Hood as Senior Policy Advisor

In a significant move to enhance its leadership team and influence in policy discussions, Ally Financial Inc. has announced the appointment of Rodney Hood as Senior Policy Advisor to the CEO. Hood, who brings nearly thirty years of experience in the banking and regulatory landscape, aims to leverage his expertise to strengthen Ally’s political engagements and influence on legislation concerning financial services.

A Legacy in Financial Leadership

Rodney Hood is not a newcomer to the corridors of power; his impressive track record includes holding pivotal roles under two presidential administrations. Notably, he served as the Acting Comptroller of the Currency and was the Chairman of the National Credit Union Administration (NCUA), marking him as the first person in U.S. history to lead both federal regulatory agencies responsible for insured depository institutions. This unique experience is expected to play a crucial role in helping Ally navigate the complexities of Washington D.C.

Hood’s extensive career includes significant contributions as a Board member of the Federal Deposit Insurance Corporation (FDIC), where he was involved in critical decision-making processes. Additionally, he served on the Financial Stability Oversight Council (FSOC) and chaired the Federal Financial Institutions Examination Council (FFIEC). His professional background is enhanced by leadership positions at notable financial institutions like JPMorgan Chase, Wells Fargo, and GE Capital, which provide him with a well-rounded perspective on the financial services industry.

Ally’s Vision for the Future

Ally Financial, recognized as one of the leading digital financial services providers, aims to leverage Hood's strategic insights to expand its role in key policy discussions. According to Michael Rhodes, Ally’s CEO, Hood’s appointment symbolizes the company’s commitment to broadening its engagement in political affairs, identifying key stakeholders, and advocating policies that align with its mission of fostering financial well-being for everyone. “We are absolutely thrilled to welcome Rodney to Ally as one of my key policy advisors,” stated Rhodes. His wealth of knowledge in financial services will undoubtedly aid Ally in innovating and adapting in an ever-evolving marketplace.

Influence Beyond Public Service

Beyond his governmental roles, Rodney Hood maintains an active presence in the financial sector. Currently, he serves as an independent director on the boards of the Federal Home Loan Bank of Atlanta and Zest AI, showcasing his commitment to advancing the financial industry. Additionally, he provides counsel on the International Advisory Board for Strategic Resource Management (SRM).

His contributions exemplify a blend of regulatory insight and a global perspective, underscoring a career-long dedication to promoting responsible growth and ensuring access to financial resources for consumers.

About Ally Financial

Established with a mission to “Do It Right,” Ally Financial Inc. stands out as the nation’s largest all-digital bank, backed by innovative auto financing solutions. The company's dedication is not just to its profitability but also to serving customers effectively through deposits, securities brokerage, investment advisory, and insurance services. By bringing Rodney Hood on board, Ally is poised to elevate its advocacy efforts and strengthen its commitment to being a trusted ally for customers across the financial spectrum.

To learn more about Ally Financial and its offerings, visit www.ally.com. For disclosures and further details about the company, navigate to Ally Disclosures.