Pacific Oak, a sponsor, manager and distributor of real estate-focused alternative investment programs, has hired Matthew Mai to the company as chief compliance officer.
In his new role, Mai will be responsible for managing the compliance program for the firm’s registered investment adviser, Pacific Oak Capital Advisors, and its managing broker dealer, Pacific Oak Capital Markets, and will serve as a liaison for the firm on compliance matters with its regulators, including FINRA, the SEC and states.
“Matthew’s thorough knowledge of the securities industry from a product, corporate governance, compliance, and administrative perspective will strengthen our compliance framework as we continue our growth,” said Peter McMillan, co-founder of Pacific Oak Capital Advisors. “His ability to provide cross-functional support and guidance will be of tremendous value to the firm.”
Mai’s financial services career began in 2013 with Pacific Life. Since then, he has served in compliance-related roles at broker-dealers and investment advisers, including Allstate Financial Services, Transamerica Financial Advisors and National Planning Corp.
“Pacific Oak seeks to promote and enhance a culture that encourages ethical conduct and commitments to compliance,” said Mick Manning, chief executive officer for Pacific Oak Capital Markets. “Matthew’s demonstrated ability to train, monitor and influence securities professionals to be prudent in their sales practices will be of critical importance to our field-facing and home office team members.”