A Co-Founder Leaves Highland Capital Management
Anyone whose lengthy career involves a long tenure with a single company becomes a fixture at the office. Spending nearly 30 years with a company means retirement brings great changes to the business. Working for a company in a support capacity for that many years shows management considered you vital. And likely, an administrative assistant with such strong ties to the company would feel a sense of loss when leaving. Now, imagine how the co-founder and top executive of a firm such as Highland Capital Management feels when the time comes the sunset a career.
Mark Okada was instrumental in the founding of the firm. To say the company grew over the years under his leadership would be an incredible understatement. Top clients gravitated to the firm in significant numbers. At the time of his impending departure, the firm manages $17 billion in assets. The company didn’t start with that level of business. Through effective management and hard work, Highland Capital became a respected firm. High-profile clients trust the firm with their money.
Mark had a great deal of help establishing the firm. His partner, James Dondero, was with him since day one. Dondero will remain in his position at the top of the company, and this will be the first time in the business’ history that Dondero won’t have his executive partner by his side. He is noted by industry observers to be a pioneer in several realms, especially in developing innovative approaches in the “Collateralized Loan Obligation (CLO)” market.
Okada won’t completely leave the company, though. Since he played such a pivotal role for so many years, an immediate departure would be a shock to the corporate structure. Therefore, he intends to stay on in a senior advisory role. Read This Article for related information.
His departure did not come as a surprise to anyone at Highland Capital Management. He gave the office adequate notice. So, fellow managers took steps to address the potential shake up. Responsibilities previously tasked to Okada moved to other personnel. Find More Information Here.
View their LinkedIn profile on https://www.linkedin.com/company/highland-capital-management-l-p-