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NewOak Creates Credit Services Unit

NEW YORK CITY-The new division will be based at a 10,000-square-foot office in Danbury, CT.

By Rayna Katz | Updated on May 08, 2013

NEW YORK CITY–NewOak Capital, a financial services firm here, has announced the creation of NewOak Credit Services. NewOak has leased 10,000 square feet of space at the Matrix Corporate Center in Danbury, CT for its newly created group.

Noted Ron D’Vari, CEO, NewOak Founding Partners, at a press conference to debut the firm,  “Due to the sea change of regulations and transparency requirements by investors, the mortgage and related securitization industry is undergoing an enormous transformation. As a result, many of the financial institutions involved are revamping their infrastructure. This creates a critical need for independent advisory firms such as NewOak to develop effective new credit and risk solutions and services that combine highly skilled credit professionals, well designed processes, advanced technology, and massive amount of data.”

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