NewOak Capital LLC, an advisory, asset management, and capital markets firm based in New York, recently

announced that it has appointed Mark R. Ruh as managing director and senior portfolio manager of financial services investments.

In his new position, Ruh will serve as the head of NewOak’s bank recapitalization investment efforts and will report to

the financial services investments committee. He will direct the day-to-day activities of the bank recapitalization investment team, including sourcing, analysis, transaction execution, and management of portfolio company investments.

Prior to joining NewOak, Ruh was a director at Castle Creek Capital LLC, a private equity firm specializing exclusively in financial services company investments. During his time there, Ruh led transactions in all stages of portfolio company lifecycle, and he stepped into two operating and board member positions in distressed portfolio companies. Before his time at Castle Creek, Ruh was a management and technology consultant at Ernst & Young LLP.

“Mark’s proven track record and hands-on experience with financial services portfolio company transactions, operations, and turnarounds fits very well with NewOak’s expanding investment efforts in this space,” said Ron D’Vari, NewOak’s CEO and co-founder.” We are pleased to have Mark join us to leverage our team of experts in distressed credit, asset and franchise valuation.”