Banking

Big bank puts another top exec in Charlotte

Ally Financial’s offices in uptown Charlotte are shown in this file photo.
Ally Financial’s offices in uptown Charlotte are shown in this file photo.

Ally Financial on Wednesday announced the hiring of a top executive based in Charlotte, increasing the Detroit company’s already large presence here.

Dinesh Chopra, previously with Citigroup, becomes Ally’s first chief strategy officer. Ally said that Chopra will lead the firm’s corporate strategy team, including helping to define Ally’s future strategic plan.

Ally, parent of online-only Ally Bank, has continued to add employees in the Charlotte region, which is one of the firm’s corporate centers, along with Detroit and New York.

The company has said the Charlotte area is home to 1,700 employees, including contractors and vendors. That makes the region Ally’s largest hub, ahead of Detroit’s roughly 1,500 and New York’s 200.

Growth in Charlotte has come in part through shifting top executives here. The firm says 10 of its 17 highest-ranking executives are based in Charlotte, including CEO Jeffrey Brown. Chopra is also part of that group.

In Wednesday’s announcement, Ally noted its focus on expanding and diversifying its services over the past 18 months, including the addition of online wealth management and mortgage products. In a statement, Brown said the creation of a chief strategy officer will help Ally better evolve its business “so that we keep a leading edge in the marketplace as we grow.”

At New York-based Citigroup, Chopra was responsible for leading strategic planning and improving performance for retail banking, mortgage, fintech and digital payments, Ally said. Before that, he held roles at financial services firm Capital One and consultant McKinsey & Co.

Wednesday’s announcement also comes after Ally, in September, announced plans to lease the majority of a new office tower planned at Stonewall and Tryon streets.

Construction on the 26-story building, at the former site of a Goodyear auto shop, is expected to start in the first quarter of 2018. Ally has said it plans to consolidate its Charlotte-area employees in the tower.

Deon Roberts: 704-358-5248, @DeonERoberts

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