Michael Farrand serves as the Executive Director of Dealer Lending at Ally Financial Inc., where he expertly oversees a substantial portfolio valued between $4.0 to $4.5 billion within the automotive finance sector. With a robust background in credit analysis and commercial lending, Michael leads a...
Michael Farrand serves as the Executive Director of Dealer Lending at Ally Financial Inc., where he expertly oversees a substantial portfolio valued between $4.0 to $4.5 billion within the automotive finance sector. With a robust background in credit analysis and commercial lending, Michael leads a dedicated team of eight portfolio managers, ensuring the effective management and growth of the existing portfolio while fostering indirect reporting relationships with other department heads. His strategic vision is pivotal in navigating the complexities of credit risk and portfolio management, enabling Ally Financial to maintain its competitive edge in the rapidly evolving automotive finance landscape.
Under Michael's leadership, key projects have focused on enhancing risk management frameworks and optimizing loan structures to drive new business development. His expertise in sales and training has been instrumental in empowering his team to identify and capitalize on emerging market opportunities, ultimately contributing to the overall growth of the dealer lending division. Michael’s commitment to excellence is reflected in his proactive approach to credit risk assessment, ensuring that the portfolio remains robust and resilient against market fluctuations. As a seasoned professional in the automotive finance industry, Michael Farrand continues to leverage his extensive skill set to deliver innovative solutions that meet the needs of dealers and customers alike, solidifying Ally Financial's reputation as a leader in dealer lending.
