GMAC Inc. is close to naming a chief financial officer and has considered appointing Barbara Yastine, the former CFO for investment banking at Credit Suisse Group AG and Citigroup Inc., according to three people with knowledge of the search.
Yastine, 50, is a top prospect because she worked at Citi with Michael Carpenter, GMAC's new chief executive, the people said.
GMAC is looking for someone to succeed James Mackey, the interim CFO since Robert Hull left in March for a private-equity firm.
The process was still winding down as of early this week, according to one person.
Gina Proia, a GMAC spokeswoman, declined to comment, and efforts to reach Yastine were not successful.
The new finance chief will help Carpenter devise an exit from government bailout programs, which funneled more than $17 billion to the lender and gave the U.S. a 56% stake.
Carpenter on Monday reported GMAC's first operating profit since 2007, following an annual loss last year that exceeded $10 billion.
Yastine has been a consultant to Southgate Alternative Investments, the investment firm founded by Carpenter.