Hedge Fund, Private Equity Honchos Join Ally Board

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.

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