Jeffrey J. Brown (JB) was named chief executive officer of Ally Financial Inc., in February 2015, and also serves on its board of directors. Brown is driving Ally’s evolution as a leading digital financial services company. Under his leadership, Ally is building on its strengths in auto financing, retail deposits and corporate financing, as well as diversifying its offerings to include digital wealth management and online brokerage, mortgage products and point-of-sale lending.
Brown has deep financial services experience, having previously served in a variety of executive leadership positions at Ally and other leading financial institutions. Prior to being named CEO, Brown was president and CEO of Ally’s Dealer Financial Services business where he oversaw the company’s auto finance, insurance and auto servicing operations. Brown joined Ally in March 2009 as corporate treasurer and, in 2011, was named executive vice president of finance and corporate planning, where he oversaw the company’s finance, treasury and corporate strategy initiatives.
Brown received a bachelor’s degree in economics from Clemson University and an executive master’s degree in business from Queens University in Charlotte. He is deeply committed to advancing education and continual learning at Ally and in our communities. He serves on the Board of the Clemson University Foundation, an independent, not-for-profit entity that promotes the welfare and future development of Clemson University. In November 2019, Brown was announced as chairman-elect of the Queens University of Charlotte board of trustees and will succeed the board’s current chair on July 1, 2020. Brown has served on the Queens University board since 2015.
In 2018, Brown was appointed by the board of directors of the Federal Reserve Bank of Chicago to serve as the Federal Advisory Council (FAC) representative for the Seventh Federal Reserve District. Brown will serve as vice president of FAC in 2020.
Brown was recognized for his commitment to family, career and community with a 2016 Father of the Year award by the Father’s Day Council and benefiting the American Diabetes Association.
Brown has a strong passion for diversity and inclusion. He was one of the first 150 members of the CEO Action for Diversity & Inclusion pledge, which aims to advance D&I in the workplace as both a competitive and societal issue. In October 2019, he was honored as CEO of the Year by the Thurgood Marshall College Fund for these efforts.
He is also a member of the Charlotte Executive Leadership Council, which focuses on improving economic mobility and education issues in Mecklenburg County, N.C.
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