Investment Management

Mark Okada Retires But Keeps His Ownership Stake in Highland Capital Management

 

Mark Okada is a business leader who has found himself pushing forward the Houston, Texas-based Highland Capital Management financial brand alongside business partner, James Dondero.

The two alternate credit experts founded Highland Capital in 1993 and have made it one of the largest and most trusted financial companies in the U.S. After more than a quarter of a century building the credit-based financial company, Mark Okada decided to step down from his daily operations at Highland Capital Management at the end of 2019.

Mark Okada has been responsible for many of the most important aspects of the development of Highland Capital Management over the last 25 years. The announcement of Mark Okada taking a step back from the daily operations of Highland Capital Management comes after the alternate credit expert has handed over many of his major responsibilities to senior figures at the brand. Go Here for additional information.

Highland Capital is a Houston-based financial brand, and is losing a major figure from its history, but Mark Okada believes co-Chief Investment Officer Joe Sowin will prove an able replacement for the man who spent much of his career building the success of Highland Capital Management.

James Dondero and Mark Okada built Highland Capital Management from the ground up with Okada and Dondero both finding success with their leveraged loans market. James Dondero explained he will be staying on as the President of Highland Capital Management and praised his business partner for his success over a quarter of a century of work.

Dondero explained the growth of Highland Capital Management could not have happened without the dedication and skills of Mark Okada. For his part, Mark Okada explained he was simply stepping back from his daily activities but would remain co-owner of the Highland Capital Management brand.

Alongside his work as a partner of the brand, Mark Okada explained he was proud of the work done by Highland Capital Management in the local community to improve life for those in this area of Texas. Read This Article for more information.

 

Visit them on https://www.hcp.com/

 

Mark Okada Of Highland Capital Management Announces His Pending Retirement

Highland Capital Management is a hedge fund based in Dallas, Texas. It was established in 1993 by James Dondero and Mark Okada. Their company oversees about $15 billion in assets under management and has clients from around the world. James Dondero is the president, while Mark Okada was the co-chief investment officer until his recent retirement.

Highland Capital is a pioneer in the leveraged loan market, the firm has evolved over 25 years, building on its credit expertise and value-based approach to expand into other asset classes.

Mark Okada announced his retirement on September 30, 2019. He has been the face of Highland Capital Management as he has appeared on business channels like Bloomberg TV and CNBC. He will continue to be a co-owner of the company.

James Dondero announced that he would take over Mark Okada’s Co-CIO duties along with Joe Sowin. He said he was grateful to have worked with Mark Okada for decades. His leadership, performance, and personality were welcomed by everyone at Highland Capital Management. Their company has gone through multiple credit cycles and is an enduring company.

Mark Okada had been planning for his retirement for several years. He has slowly transferred his responsibilities to others and will complete his exit by the end of December. Mark Okada will be a senior advisor until then. He said he is proud of what they have built at Highland Capital and what it has done for its investors and other stakeholders. Find More Information Here.

He thanked all of his coworkers at Highland Capital Management. They made great contributions to the company he co-founded. He singled out James Dondero, saying that he was thankful to be friends with him and his continuing support. See This Page for more information.

Besides its Dallas headquarters, Highland Capital Management also has offices in Singapore, Seoul, Rio de Janeiro, and Buenos Aires.

Highland Capital Management announced in August that it had entered into a partnership with InterContinental Hotels Group. They are completely renovating Dallas’ Cityplace Tower. This building is 31 years old.

 

Source article: https://www.dallasnews.com/business/2019/09/30/highland-capital-management-co-founder-mark-okada-retires-will-remain-in-advisory-role-temporarily/