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""NewOak Capital LLC"":http://www.newoakcapital.com recently announced the appointment of Donald H. Layton as senior advisor and co-chairman of its investment committee. Layton will take a lead role in developing the firm's private equity vehicle[IMAGE]for bank recapitalization investments, assisting in the identification and full evaluation of investment opportunities, as well as providing ongoing advice regarding strategic and operational improvements for the banks in the firm's investment portfolio.
Layton has a long track record of experience and leadership in the financial industry. Most recently, he served as chairman of E*TRADE Financial Corporation from November 2007, and additionally as CEO from March 2008, retiring from both positions in December 2009. Previously, he had retired from JP Morgan Chase in 2004 after 29 years at the firm and its predecessors, serving most recently as vice chairman and a member of its three-person Office of the Chairman, as well as its executive committee.
[COLUMN_BREAK]""Don's in-depth banking industry expertise will greatly enhance and complement NewOak Capital's state-of-the-art credit loss estimation, asset valuation and restructuring, and broad financial industry advisory capabilities,"" said Ron D'Vari, CEO and co-founder of NewOak Capital.
Layton also served as a director of Assured Guaranty Ltd, was a senior advisor to the Securities Industry and Financial Markets Association (SIFMA), and is currently a member of the Federal Reserve Bank of New York's capital markets advisory committee and the Massachusetts Institute of Technology visiting committee for economics.
He received his Bachelor and Master of Science degrees in economics from the Massachusetts Institute of Technology, and a Master of Business Administration degree from Harvard University.
""I am excited to be helping NewOak Capital with its bank recapitalization investment initiatives, which I believe to be one of the most creative opportunities in the field of bank investing today,"" Layton said. ""More broadly, I think Ron and his associates at NewOak Capital have developed, in just a short time, a firm with great potential to grow beyond its core industry-leading expertise in structured securities, and I look forward to helping them to do just that.""
NewOak Capital is an advisory, asset management, and capital markets firm organized to serve as an ally to institutions in addressing the challenges of the global credit markets. Using an integrated analytics platform, the company provides analysis, valuation, restructuring, risk transfer, and investment management solutions and services to financial institutions and other investors.
