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Nov 05 2009  

NewOak Capital Adds Another Managing Director, Looking to Add More

By FINSwire Team

New York-based asset management firm NewOak Capital continues to hire managing directors as the firm looks to increase its capital markets penetration, according to a statement released yesterday. The firm brought in Jay Lown to manage all the firm's activities related to government mortgage lending programs through Fannie Mae, Freddie Mac and the FHA.

Lown, a veteran in mortgage lending business for UBS and OTS, is also expected to develop mortgage advisory solutions for the firm. Lown is the fourth hire since this June after the asset management firm recruited three other managing directors to beef up its business development and capital markets teams. A spokesperson said the firm is looking for opportunities in valuation and capital raising solutions.


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