Press Release, Geneva, May 2023

NewOak Ltd. is pleased to announce the appointment of two experienced professionals, Fadi Halout and Jean Kamitsis, to its Advisory Board. These new nominations further strengthen NewOak's expertise and strategic capabilities in the wealth management sector.

Read the full press release here (EN): https://lnkd.in/ev_PfkTG
‍Read the full press release here (FR): https://lnkd.in/eJXxxVJT

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Fadi Halout joins NewOak with an impressive background in the financial industry, having held several senior executive roles within renowned financial institutions inFrance and the UK. As the former CEO of BankMed (Suisse) Ltd., Fadi has amassed over 20 years of experience in wealth management and wholesale banking. He has successfully initiated and led numerous major transactions involving Sovereign Wealth Funds, large European companies, and High-Net-Worth individuals. Fadi's extensive knowledge of business origination, structured financing, and real estate financing will play a pivotal role in driving NewOak's growth plans. His expertise in the MENA region and its interactions with the European markets will be invaluable to the organization. Gregory Armstrong, CEO and Managing Partner of NewOak, expressed his excitement about Fadi's appointment, highlighting his contribution to the company's growth and his alignment withNewOak's values and vision. Fadi Halout, commenting on his new role, expressed his anticipation for collaborating with NewOak, a company he has been acquainted with since its foundation. He praised the organization's independence, reliability, competence, dynamism, and innovation, which have established it asa trusted partner for wealthy families in the Middle East.

Jean Kamitsis, a recently retired banker with an impressive 43-year career in commercial and private banking and wealth management, also joins NewOak'sAdvisory Board. Jean's vast experience spans esteemed institutions such as Bankers Trust Company, UBS, and Arab Bank (Switzerland). He has successfully navigated various global markets, including Asia, Greece, Turkey, and Saudi Arabia, achieving remarkable growth and profitability. With an MBA from theUniversity of Chicago's Booth School of Business and an Executive Management diploma from the Wharton School of Business at the University of Pennsylvania, Jean brings a wealth of knowledge and a client-focused approach to NewOak. Gregory Armstrong welcomed Jean's appointment, emphasizing the added value his expertise will bring to NewOak's team and their focus on key geographical markets. Jean Kamitsis expressed his admiration for NewOak's disciplined and proactive investment and portfolio management approach, as well as the organization's strong emphasis on client relationship management. He looks forward to contributing his years of experience in the banking field toNewOak's growth and evolution.

With the addition of Fadi Halout and Jean Kamitsis to its Advisory Board, NewOak is well-positioned to strengthen its position as a trusted partner and leader in the wealth management industry.

NewOakLtd., a Geneva-based multi-family office established in 2020, specializes in asset management across liquid and private markets. The company is renowned for its tailor-made and flexible solutions, assisting wealthy families worldwide in all aspects of their wealth planning. The recent integration of Provest AssetManagement Ltd. has further enhanced NewOak's offerings. Additionally, NewOak continually explores growth opportunities between Geneva and Zurich, reaffirming its commitment to providing exceptional services to its clients.

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