Here are some of the companies Ally has invested in. Direct mortgage lender dedicated to providing a fast, transparent digital mortgage experience. An enterprise class Core as a Service platform that allows banks to deliver new digital services. A centralized data hub that simplifies and standardizes third-party risk management processes. Leading Fleet IoT Automation platform provider, bringing digital transformation to fleet-driven businesses.
Personal financial management platform that lets users share insights and compare finances. Ally is a leading digital financial services company and a top 25 U. We have an award-winning online bank, top-tier lending experiences, and a growing wealth management and brokerage platform. We are one of the largest full service auto finance operations in the country with a complementary auto-focused insurance business.
Our corporate finance division provides senior secured loans to private equity-owned, U. For over years, we've been committed to creating innovative experiences that make life easier, products that are never status quo, and diverse thinking that inspires new ideas. Learn more about Ally. The Ally Ventures team is made up of experienced professionals who collaborate with Ally's IT and business leadership to analyze potential opportunities.
In addition to working with our core Ally Ventures team, you'll have access to an extended Ally Financial leadership team to support your success. Peter Greene has over 20 years of experience in various strategy, banking, and investing roles in the financial services industry. Greene joined Ally in May and co-founded Ally Ventures in mid to identify key strategic start-ups for both investment and to enhance or diversify Ally's core capabilities.
Prior to Flexpoint Ford, Greene was a Senior Managing Director at Bear Stearns and a member of the firm's Corporate Strategy Group where he was involved in the development and enhancement of new and existing businesses and oversaw a portion of the firm's investment portfolio.
Greene received a Bachelor of Science in Business Administration from the State University of New York at Buffalo with concentrations in accounting, finance, and management information systems. Jesse Podell leads the day-to-day fintech activities for Ally Ventures. Podell joined Ally from Citi Ventures where he was responsible for managing strategic growth opportunities for Citi's D10X Incubation program.
He is a graduate of University of Florida with a B. Jain has over 10 years of public and private capital markets experience and has held various positions within Ally's finance and treasury organization. In his prior role, Jain's team played an integral role in streamlining Ally's capital structure post financial crisis and improving profitability through funding stack optimization.
Some of these strategic transactions included unsecured debt and hybrid capital raises, Ally common stock Initial Public Offering, Ally common stock and debt buyback programs, and divestiture of United States Department of the Treasury TARP investment. He had some time over the holidays after concluding his tenure at Honeywell but before starting work at Ally.
An area of focus has been on complementing the historical vertical alignment between IT and the business units with a horizontal view. He and his team were in the throes of implementing the strategy when the pandemic hit. In early March the decision was made to send everyone home. He knew the virtual private network VPN would be taxed by the move.
Muthukrishnan is even more proud of what his organization did to help customers. Muthukrishnan notes that it ranked number one in effectiveness, tone and clarity of communications. Ally was also recently named the top internet bank by Kiplinger. Employee engagement is in the top quintile of companies that Ally benchmarks itself against and customer retention is above 90 percent, which is also high for the industry.
This aids the ability to go from idea to execution more readily. He says that having end-to-end responsibility for data and user experience along with the ability to turn those ideas into action is a powerful combination. The most talented CIOs will accumulate these responsibilities, eliminating the possibility of redundancy and friction that are almost inevitable when the roles are divided.
Muthukrishnan is on the leading edge of this trend and Ally Financial should continue to benefit from that. His has written two bestselling books, moderates the Technovation podcast series, and speaks at conferences around the world. Follow him on Twitter PeterAHigh. This is a BETA experience. You may opt-out by clicking here.
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