NewOak Capital hired Shad Quraishi as vice chairman and head of business development and strategy for its integrated advisory, asset management and capital markets businesses.

Quraishi will be responsible for coordinating all client development efforts, capital raising, strategic relationships, and distribution of risk on structured solutions and will be a member of the NewOak Capital executive committee.

Quraishi was the joint head of the UBS distressed real estate workout group in 2008 and was responsible for the distribution and structured solutions for over $80 billion of distressed assets in subprime, Alt-A, CDO’s and esoteric assets.

He was also instrumental in offering creative de-risking solutions such as the $15 billion Blackrock deal and other structured trades to help the bank de-risk its assets. Before his stint in the workout group, he was the global head of ABS finance and warehousing focused on mortgage and non-mortgage assets. He co-ran the U.S., European and Asian ABS finance units managing over 100 person team.

“We are very fortunate to have Shad Quraishi join NewOak Capital leadership team. Shad’s leadership skills, deep experience in the securitization and finance industry and long term relationships in the industry combined with savvy workout expertise will help leverage NewOak Capital’s deep bench of experts to serve its client,” says Ron D’Vari, CEO and co-founder. “Shad’s addition will provide a good opportunity to intensify our focus on delivering creative solutions to our clients.”

“Shad brings to NewOak Capital a tremendous amount of experience, expertise and industry relationships. He has the unique ability to identify market opportunities and then bring the necessary parties together in order to execute efficiently,” says James Frischling, co-founder and president. “We're very pleased to be able to attract a person of Shad's caliber to the NewOak Capital team and expect that he will have an immediate impact on our business.”

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