NewOak Adds Ex-IFS Risk Expert

Apr 14 2010 | 10:29am ET

NewOak Capital has hired a veteran risk analyst from the former International Fund Services to lead its own risk analytics advisory.

Chad Burhance has been named head of NewOak Solutions, where he will oversee the expansion of the institutional investor risk, credit and advisory servicer. NewOak Solutions aims to add quantitative risk/return analysis, multi-asset class, multi-currency stress-testing to cover complex derivatives.

Burhance joins from State Street, where he was a managing director of global risk services. Prior to State Street’s acquisition of IFS, he headed the hedge fund administrator’s risk measurement and analytical services business.

“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,” CEO Ron D’Vari said. “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.”


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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