GMAC Financial Services Hires Chief Credit Risk Officer
NEW YORK — GMAC Financial Services announced late last week that it has appointed a chief credit risk officer. Named to the newly created position is Rajinder Singh, who reports directly to GMAC chief risk officer Sam Ramsey.
In the position, Singh duties are global credit risk management throughout the company, including credit quality of roughly $243 billion in assets, setting organizational policies as well as overseeing credit activities and portfolio performance for all of GMAC's business units.
Singh's most recent post was as head of global analytics services for Genpact, where he was responsible for the development and implementation of the company's analytic and decision management platform.
Singh also served with General Electric for four years in various roles, including chief risk officer for GE Money Americas, head of risk management and decision sciences and an officer of GE Capital.
Additionally, Singh headed risk management at U.S. Bancorp and was one of the founding board members of the Small Business Financial Exchange. He also served on the board of the Banco de America Central International Bank and on the client advisory board for Fair Isaac.
"Raj brings extensive experience and a proven track record in the area of risk management to GMAC," Ramsey commented. "In this new role, he will continue to develop the global risk function, which is critically important to our current and future business growth and profitability."
Also joining GMAC's global auto finance operations is Brian Gunn, who has been named a risk officer for consumer credit. He reports directly to Singh and GMAC president Bill Muir.
Gunn's responsibilities include management of the consumer credit asset portfolio.
Most recently, Gunn was the chief risk officer for GE Money Canada.