NewOak Appoints McPherson as Head of Business Development
NewOak announced the appointment of Neil McPherson as head of business development. McPherson, who was part of the original business development team when NewOak launched in 2008, returns to the firm with responsibility for coordinating NewOak’s client development efforts across all its business lines: valuation and risk advisory, litigation consulting and dispute resolution, mortgage credit services and financial technology solutions.
“We are very fortunate to have Neil rejoin us,” said NewOak, CEO Ron D’Vari. “Neil is a true veteran of the markets and understands financial institutions’ needs and the highly technical services NewOak offers to support them. Importantly, he is fun to work with and his energy and enthusiasm is viral.”
“Neil brings a wealth of experience and has a proven track record of managing and driving business development activities,” said James Frischling, NewOak President. “It’s also a tremendous compliment to both Neil and the NewOak platform to be able to welcome back one of our original team members. Who says you can’t go home again?”
Following his first stint at NewOak, McPherson joined Markit in 2009 as managing director and the global head of structured finance. While at Markit, he launched a pricing service for the buyside and later led Markit’s index licensing business for cash and synthetics.
“I wanted to get back to a role where I was out of the office seeing and serving clients again, which is part of my DNA,” said McPherson. “NewOak has come a long way in the past five years. They have built a solid credit, valuation and risk advisory business with a team of seasoned professionals producing high-quality deliverables. I’m excited to be back with my former teammates and seek to drive our expansion as we move to the next phase in NewOak’s development.”
Prior to NewOak, McPherson was a managing director in fixed income syndicate for ABN AMRO in New York from 2005-2008. Prior to that, he spent 12 years at Credit Suisse First Boston where he served as managing director, head of ABS/CDO research and he led CSFB’s ABS and CDO research team, pioneering timely and comprehensive credit surveillance for the buyside. He started at CSFB as a software developer and subsequently spent four years in MBS bond sales.