NewOak Adds Senior Portfolio Manager to Team
May 7, 2010
NewOak Capital has hired Mark Ruh as managing director and senior portfolio manager of financial services investments.
Ruh will serve as the head of NewOak's bank recapitalization investment efforts and report to the Financial Services Investment Committee co-headed by Ron D'Vari, NewOak CEO and Donald Layton, senior executive advisor.
Ruh will direct the day-to-day activities of the bank recapitalization investment team encompassing sourcing, analysis, transaction execution and management of portfolio company investments.
Before joining NewOak, Ruh was a director at Castle Creek Capital a private equity firm specializing exclusively in financial services company investments. He led deals in all stages of the portfolio company lifecycle, and stepped into two operating and board member positions in distressed portfolio companies. Prior to joining Castle Creek in 1998, he was a management and technology consultant at Ernst & Young.
"The financial services sector, and particularly banks, currently present very attractive opportunities," says Ron D'Vari, CEO and co-founder, said in a prepared statement. "This is an area of intense focus at NewOak Capital from a variety of angles. Mark's proven track record and hands on experience with financial services portfolio company transactions, operations and turnarounds fits very well with NewOak's expanding investment efforts in this space. We are pleased to have Mark join us to leverage our team of experts in distressed credit, asset and franchise valuation."
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