Press Release: Oakleaf Hires New Managing Director

Published On - June 14, 2023

The Oakleaf Group General Posts, News & Events
David Steel Joins Oakleaf

Oakleaf Welcomes David Steel as Managing Director of Risk Management and Litigation Support Advisory

The Oakleaf Group, a leading provider of advisory services and solutions for the mortgage and financial services industries, is pleased to announce the appointment of David Steel as Managing Director of Risk Management and Litigation Support Advisory. In his new role, Mr. Steel will spearhead the development of Oakleaf’s Risk Management Practice and drive the expansion of the company’s litigation support advisory business.

With extensive experience in the financial services industry, Mr. Steel brings expertise in credit risk underwriting, enterprise risk management, portfolio management, business strategy, restructurings, and arbitrations. Prior to joining Oakleaf, he successfully de-risked an $8.3 billion reinsurance portfolio as a consultant for American Overseas Re. He also served as Chief Risk Officer for a major US bank’s life and annuity reinsurance venture, leading the establishment of an ERM framework, underwriting guidelines, and corporate governance policies and procedures.

While leading RAM Reinsurance Company Ltd, Mr. Steel managed a $49 billion portfolio of global financial guaranty reinsurance, overseeing a successful restructuring and refocusing on property casualty reinsurance. He has held senior positions at Hanovertrade, ACE Capital Re Inc., GE Capital/Financial Guaranty Insurance Company, and Lehman Brothers.

“We are thrilled to welcome David to Oakleaf,” said Bruce Legan, Oakleaf President. “David’s remarkable track record and deep expertise will be instrumental in strengthening our capabilities and driving our continued success. We are confident that his leadership and strategic vision will further enhance our client offerings and solidify our position as a trusted advisor in the financial services sector.”

David Steel expressed his enthusiasm for his new role, stating, “I’m excited to collaborate with the talented team at Oakleaf and leverage our deep industry expertise to deliver innovative solutions that address the evolving challenges of our clients. Together, we will continue to drive excellence in risk management and provide exceptional value to our clients.”

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Oakleaf at a Glance

The Oakleaf Group is a Washington DC-based, management consulting firm focused exclusively on the financial services, banking, and mortgage industry. Our team consists of industry subject matter experts, risk management professionals, and technologists who work together to help solve our clients’ toughest problems. Oakleaf strives to enhance the financial and regulatory industry with data-driven, model-informed, analytics-enabled, and operationally rigorous services and solutions.

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As a mortgage and financial services consulting firm, we assist companies throughout the mortgage and financial services industry, including banks and non-bank mortgage firms, GSEs, regulators, government agencies, law firms, insurance companies, asset managers, hedge funds, and other financial clients. We work closely with management to identify and prioritize challenges, and we apply deep industry expertise that drives performance, resulting in performance transformation across the organization.

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