Tim Russi will assume the role of vice chairman of auto finance from April 2018 to October 2018.
Russi previously served as president of auto finance, responsible for developing strategy and driving performance for the company's auto business. Under Russi’s leadership, Ally became a competitive marketplace leader, originating nearly $320 billion in auto loans. Russi helped redefine and reimagine the business, leading the effort to diversify and expand the company’s dealer network and drive digital innovation across the business.
Russi has more than 30 years of business and financial services industry experience. Prior to his current role, he served in several leadership positions at Ally including, executive vice president of the auto business in North America, chief financial officer for global automotive services and chief operating officer for North America.
Prior to joining Ally in October 2008, Russi worked for Cerberus as a senior advisor to Ally. He previously served as president of Dealer Financial Services for Bank of America, and also served in leadership roles at US Leasing (a Ford Financial Services company), Deloitte, DHR International and Ernst & Young.
Russi has a bachelor’s degree in managerial economics from the University of California at Davis. He is a certified public accountant and is Six Sigma certified. Russi serves as vice chair of the American Financial Services Association (AFSA) Vehicle Finance Division Board. He has also served on the board of the First Coast YMCAs in Jacksonville, Florida, and coached its youth sports programs for several years. He currently coaches youth basketball. Additionally, he is executive sponsor of the Generational Ally Employee Resource Group, which promotes professional development and employee engagement by leveraging multigenerational experiences.