NewOak Capital hired Tom McAvity as managing director to market the firms advisory, asset-management and capital markets services to the insurance industry and design customized solutions for insurers, banks and pension and endowment funds.
McAvity brings extensive experience in managing the portfolios of insurance companies in the context of their liabilities. His previous experience includes positions as executive vice president and chief investment officer with Scottish Re Group; vice president in asset-liability management with Allstate Financial; vice president in quantitative research with Lincoln Financial Group; vice president in quantitative research with Alex. Brown & Sons; senior vice president and CFO of B.F. Saul REIT; and Associate with McKinsey & Co.
Toms brings a great deal of experience in asset management and risk management in the context of long term asset / liability, corporate finance, regulatory and accounting. In addition, Toms risk management experience combined with his ability to speak the language of corporate executives is very much needed in todays environment," said Ron DVari, CEO of NewOak Capital. "We are very excited to have him on our senior management team.
With nearly 40 years of professional experience including 20 years dedicated to the insurance industry, Tom brings NewOak Capital a unique and valued perspective on the challenges facing the insurance industry," President of NewOak Capital James Frischlingsaid about the new hire
"Our goal is to be a solution provider for our clients in order to help them navigate through this most violent storm and Tom will play a role in leading this effort with respect to the insurance space.