Tuesday, 4 August 2015
Last updated 12 hours ago
Aug 16 2012 | 4:01am ET
The U.S. Treasury Dept. has named a pair of alternative investment executives to the board of Ally Financial.
Gerald Greenwald and Henry Miller took two of the six seats the government holds on the auto lender’s board. The former heads private equity firm Greenbriar Equity Group and the latter is chairman of Marblegate Asset Management.
The Treasury owns 74% of Ally, the former GMAC Financial, after bailing out the troubled lender.
At Greenbriar, Greenwald focuses on transportation investments. A former CEO of United Airlines, Greenwald is no stranger to the auto industry, having gotten his start at Ford Motor Co. and later working at Chrysler.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…