NewOak Capital appointed Mark R. 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. P
rior to joining Castle Creek in 1998, he was a management and technology consultant at Ernst & Young. Ruh was a submarine officer in the U.S. Navy.
"The financial services sector, and particularly banks, currently present very attractive opportunities," says Ron D'Vari, CEO and co-founder. "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."
”Financial institutions, and banks specifically, continue to be at the forefront of the challenges facing our economy and therefore remain a key area of focus across NewOak Capital’s business lines. Mark’s experience with these institutions and his insight will prove invaluable to NewOak and our clients,” says James Frischling, president and co-founder.