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A New York City financial services company will be opening an office in Danbury where it will house its new credit and risk solutions consulting business.
Aided by a state incentive package, NewOak Capital L.L.C. estimates it will create at least 100 jobs in Connecticut within three years through its NewOak Credit Services L.L.C. subsidiary.
Chad Burhance, a NewOak partner and head of solutions, said the group wanted to remain close to its New York headquarters while keeping some distance between it and New York City and the cluster of financial firms in Stamford and Norwalk.
That way, he said, NewOak Credit Services L.L.C. can enjoy lower real estate costs and won't necessarily have to compete for the same talent.
"We wanted to move our facility just out of the competitive circle," said Burhance, who will head up the new credit services unit.