Ally Financial, an automotive financial services company, has named David Shevsky as chief risk officer, effective immediately. In this role, Shevsky has responsibility for the risk framework, processes, and oversight for the company.
Shevsky replaces Brian Gunn, who had been Ally Financial's chief risk officer since 2011, having been with the company since 2008. Gunn left in May to become chief risk officer at Santander Holdings USA, the holding company for Santander Bank.
Prior to his new position, Shevsky since 2011 served as chief risk officer for Ally Bank, the company's subsidiary. Shevsky joined Ally in 1986 where he began his career with a series of positions supporting the auto finance operation from a credit analysis and risk perspective. During his career, he supported both the domestic and international auto finance operations, and in 2004, he became a senior vice president of enterprise risk for the company and began to take a companywide view of commercial credit risk and capital management.
When Ally became a standalone company in 2006, Shevsky played a key role in establishing a more robust risk management function, and when the company became a bank holding company in 2008, he was responsible for establishing a loan review function, which he did until becoming the chief risk officer for Ally Bank in 2011. Prior to joining Ally, Shevsky served in the U.S. Air Force.