Pacific Oak, a sponsor, manager and distributor of real estate-focused alternative investment programs, has hired Matthew Mai 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.
“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 a variety of compliance-related roles at broker-dealers and investment advisers, such as Allstate Financial Services, Transamerica Financial Advisors and National Planning Corporation.
According to the company, Mai has served as a subject matter professional to more than 1,600 investment advisor representatives, supervisory personnel and registered representatives.
“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,” said Mick Manning, chief executive officer for Pacific Oak Capital Markets.
Mai holds a bachelor’s degree from California State University, Long Beach, as well as FINRA Series 7, 24, 52 and 66 securities licenses.
Pacific Oak Capital Advisors is an alternative investment company that sponsors and manages real estate-based investment opportunities for clients of financial advisors and registered investment advisors as well as institutional investors.
Formed in 2018, the company is advisor to Pacific Oak Strategic Opportunity REIT and Keppel-Pacific Oak REIT, and sponsor to numerous private real estate investment programs. In total, Pacific Oak Capital Advisors and its affiliated companies currently manage a portfolio of real estate valued in excess of $3.4 billion.
Pacific Oak Capital Markets is a wholesaler and managing broker-dealer for alternative investment offerings. Pacific Oak sponsors Pacific Oak Strategic Opportunity REIT Inc., a publicly registered non-traded real estate investment trust, which merged with Pacific Oak Strategic Opportunity REIT II in October 2020. On March 2021, Pacific Oak Capital Markets was selected as the dealer manager for potential investment offerings sponsored by SmartStop REIT Advisors LLC.