Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China, Boosting Access to Wegovy and Mounjaro 
Lloyds Banking Group to Close Invoice Factoring Business by End of 2025 
Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel 
Vanda Pharmaceuticals Wins FDA Approval for New Motion Sickness Drug After Four Decades 
Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power 
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026 
Lockheed Martin Secures Nearly $500 Million in U.S. and Allied Defense Contracts 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China as Competition Intensifies 
Lockheed Martin Secures $328.5 Million U.S. Defense Contract for Advanced Systems Supporting Taiwan Air Force 
BP’s Castrol Stake Sale Raises Debt Relief Hopes but Sparks Cash Flow Concerns 
SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round 
L&F Tesla Battery Supply Deal Value Drops Sharply Amid EV Market Slowdown 
Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms 
Air China Orders 60 Airbus A320neo Jets in $9.5 Billion Deal as Airbus Strengthens Grip on China Market 
Boeing Secures Major $2.7 Billion U.S. Military Contract for Apache Helicopter Support 
Citigroup to Exit Russia With Sale of AO Citibank to Renaissance Capital 
SAN FRANCISCO, Oct. 17, 2017 -- White Oak Global Advisors, LLC (White Oak), today announced the appointment of Darius Mozaffarian and David Hackett as Co-Presidents of the firm, where they will oversee the day-to-day operations of White Oak’s entire investments business spanning all lending products, affiliates and investment teams from Originations to Portfolio Management. Mr. Mozaffarian and Mr. Hackett will continue to serve as members of the firm’s Investment Committee and Operating Committee in addition to assisting with firm-wide strategic and fundraising efforts. Mr. Mozaffarian and Mr. Hackett have been Acting Co-Presidents since the beginning of the year, with their appointments becoming effective today after the promotion of John Felix and Tom Finnigan to Co-Heads of Originations and Underwriting, respectively.
|
||||||||||
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/d52a101d-c467-4765-bd1b-78cacc1a9563
http://www.globenewswire.com/NewsRoom/AttachmentNg/33342aa0-b330-480f-a7b2-3ead4954160e
“I have had the privilege of working with Darius and Dave well before White Oak’s inception, and they have been invaluable to our success so far,” said Andre Hakkak, Co-founder and Chief Executive Officer of White Oak. “I am excited to have their continued leadership and guidance as White Oak expands its platform to meet the ever-evolving needs of our borrowers and investors.” Together with Barbara McKee, Mr. Hakkak co-founded White Oak in 2007. “Darius and Dave have done an outstanding job of jointly driving our investment engine over the past decade. Individually they are each creative, thorough and meticulous, but it is their teamwork, mutual respect and collegiality that make the whole much greater than the sum of their parts,” Ms. McKee added.
Mr. Mozaffarian joined White Oak in May 2008, became a Partner in 2010, and has been a member of the firm’s Investment Committee since 2011. He has had primary responsibility for originating and structuring new transaction opportunities for White Oak’s private debt funds, and has led the firm’s Originations team since 2010. Previously, Mr. Mozaffarian served at Goldman, Sachs & Co. in the leveraged finance group of the investment banking division, where he worked on myriad buyouts, corporate restructurings and rescue financings within the leveraged loan and high-yield bond market. Mr. Mozaffarian is currently licensed with Series 7 and 63 designations from FINRA.
Mr. Hackett joined White Oak in January 2008, became a Partner in 2010, and has been a member of the Investment Committee since 2011. He has had primary responsibility for structuring and underwriting new investments for White Oak’s private debt funds, and has led the firm’s Underwriting team since 2010. Mr. Hackett is also a member of the firm’s Valuation Committee and was responsible for the development of the firm’s Portfolio Management group. Prior to joining White Oak, Mr. Hackett served as Portfolio Co-Manager at North Point Investors, a real estate investment company investing in public real estate securities.
About White Oak Global Advisors, LLC
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Affiliates of White Oak Global Advisors, LLC include White Oak Commercial Finance, White Oak Healthcare Finance, White Oak Asset Finance GP, LLC, White Oak Trade & Specialty Finance, and White Oak Europe. Since its inception in 2007, White Oak Global Advisors, LLC’s disciplined investment process aims to deliver risk-adjusted investment returns for our investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
Media Contact Jonathan Setiabrata Investor Relations [email protected] 415-644-4174
