REFILE-MOVES-Ally Financial unit names Jim Babcock head of healthcare underwriting

Fri Sep 5, 2014 3:50pm EDT

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(Corrects to add the dropped word "Finance" in first paragraph)

Sept 5 (Reuters) - Ally Financial Inc's unit Ally Corporate Finance named Jim Babcock managing director and head of healthcare underwriting, effective immediately.

Ally Corporate provides senior secured commercial-lending products primarily to U.S.-based, middle-market companies.

Babcock will be based in New York and report to Tom Ceto, head of healthcare finance for Ally Corporate Finance. (Bangalore newsroom; moves@thomsonreuters.com)

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