Ron D’Vari is NewOak’s chief executive officer and co-founder. He is responsible for advising NewOak clients in matters throughout the structured products and fixed-income asset lifecycle. In this role, Mr. D’Vari leads the analyses concerning portfolio construction, structuring, securitization, reps and warrants, portfolio management, valuation, credit and market risks and trading management. Mr. D’Vari is a member of NewOak’s executive committee.
Prior to co-founding NewOak in 2008, Mr. D’Vari served as head of structured finance at BlackRock, where he co-managed $90 billion in fixed-income assets. At Blackrock, he developed the “reality-based” loan-level approach to valuation of structured securities transactions, was instrumental in establishing BlackRock Mortgage Investors and setting up the BlackRock distressed mortgage fund, PennyMAC. Prior to this, Mr. D’Vari worked at State Street Research for 12 years, ultimately heading the MBS/ABS/CMBS Portfolio Management and Trading team. He was one of three members of the firm’s Bond Policy Committee that managed $27 billion of fixed-income assets, and he established and led State Street’s collateralized debt obligation business and quantitative research team.
In addition, Mr. D’Vari has served as an adjunct professor at Harvard, Boston University and UCLA School of Engineering. He holds MBA, MS and PhD degrees from UCLA, is a CFA charter-holder and is currently serving as a Fellow for the Tufts University Sovereign Wealth Fund Initiative.