NewOak Capital appointed Chad Burhance as managing director and head of NewOak Solutions, which provides portfolio risk analytics, credit, and advisory service to institutional investors globally.
Burhance is also appointed to the NewOak Capital’s executive committee. He will lead the expansion of NewOak Solutions beyond complex structured securities to comprehensive quantification of the risk and return characteristics, sensitivities and stress testing of multi-asset class, multi-currency portfolios including complex derivative instruments.
Solutions services also covers consulting in portfolio construction, analysis, reporting processes and working closely with clients to devise and deliver customized solutions fitting their individual needs including transitional asset management, restructuring, and hedging.
Burhance was formerly managing director of global risk services at State Street Investment Analytics, overseeing risk and analytical services. The global risk services group supported clients globally from offices in the U.S., Canada, Germany and Ireland.
Burhance joined State Street via the acquisition of its International Fund Services (IFS) unit, the hedge fund administration firm where he led IFS’ initiatives to deliver risk measurement and analytical services to hedge fund managers, traditional asset managers as well as institutional investors.
He has over 18 years experience within the financial services industry at several major organizations including Lehman Brothers, Citigroup and UBS. Throughout his career, Burhance has had a variety of roles in fixed-income trading, risk management, middle office, and product control.
“Chad’s background as a seasoned executive who has built and operated client-focused risk solution organizations is an ideal fit with NewOak’s efforts to expand its structured products and credit platform to a comprehensive multi-asset class portfolio risk advisory and system business," said Ron D’Vari, NewOak CEO and co-founder. "Chad’s close relationship and familiarity with the needs of many institutions globally will be critical in NewOak’s timely delivery of high performance services and systems to our clients. We are very happy to have Chad join our team.”
“Chad has a proven track record in managing a team that delivers at the highest level independent valuation and risk management services," said James Frischling, NewOak president and co-founder. He is ideally suited to take a leadership role in our Solutions business because he has an in-depth understanding of the needs of our clients and the analytical services they require. NewOak Capital was launched as an advisory platform and Chad’s position on our Executive Committee is a testament to our commitment to provide insight, transparency and risk assessment for our clients.”