Michael Baresich, Chief Information Officer of Ally Financial

Episode Overview

Among other topics, Michael discusses the following issues with Metis Strategy:

• His company, Ally Financial
• How his organization transitioned from 70% government ownership, and the role IT played in that transition
• The culture of the organization
• Metrics used to gauge progress during his initial time at the organization
• How he maintained the balance of IT activities needed for growth with cost-cutting in the wake of the recession
• Digital, and how he partners with other parts of the organization from a digital perspective
• The extent to which he has in-sourced some IT activities and how he set the organization on that path
• His strategy and priorities for the future
• The skill inventory of the organization and how he builds out the skills needed within his team
• The process he uses to ensure that his team is up to date on new technologies
• Eye on the Trends: Existing consumer technology being optimized for enterprise uses

Michael Baresich’s Biography

Michael Baresich is the Chief Information Officer of Ally Financial, a $9 billion bank holding company, formerly known as GMAC (General Motors Acceptance Corporation).  In that role, Michael is responsible for information technology and related services, including application development, operations, infrastructure, and information security.

Prior to joining Ally, Michael was the Chief Information Officer and EVP of CIT Group.  He has also held senior-level IT roles at other major financial organizations, including Citigroup, Deutsche Bank, and Banker’s Trust.

Michael received his bachelor’s degree from Binghamton University, his master’s degree from the University of Florida, and his MBA from the University of Pennsylvania’s Wharton School.

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