The Treasury department announced it appointed its former chief investment officer, Mathew Pendo, the board of directors at Ally Financial (GMA).
Pendo previously served as Chief Investment Officer for Treasury, leaving in March of this year.
The full list of board members is available in this filing with the Securities & Exchange Commission.
Late last year, Ally Financial began to move away from mortgage servicing and the home loan side of the business.
As of January 2013, the Office of the Special Inspector General for the Troubled Asset Relief Program reports Ally still owes $14.6 billion in bailout funds. 74% of the company is owned by taxpayers.
