NewOak, a financial services advisory firm in Danbury, said it will hire 10 employees to support its expanding financial technology solutions group.
The appeal underscores both the increasing demand for technology talent in business and the challenge of finding it, the company said.
NewOak Chief Technology Officer Bryan Boyer recently addressed the technology skills gap before the Business Council of Fairfield County.
“Technology and development skills are no longer the sole domain of technology and software companies, nor are they only relevant to individuals working in IT departments,” Boyer said. “In today”™s market, an organization”™s ability to capitalize on technology, regardless of its industry sector, is one of the primary factors differentiating the most successful companies from their competition.”
Because its technology group is integral to the success of its four-pronged, finance-themed business, NewOak said it identified the need for more and better technology skills. Along those lines, the company supports the Danbury Early College Opportunity program that helps 100 Danbury high school students prepare for careers in technology.
Additionally, NewOak created its technology innovation program to increase technology education and employment opportunities for regional high school and college graduates.
“The program addresses the growing technology skills gap by offering an intensive technology training course, tuition free, intended to elevate participants”™ job skills and marketability, expand Connecticut”™s technology talent pool and reduce unemployment,” company officials said.
NewOak clients include international investment and commercial banks, insurance companies, asset managers, regulators and law firms.
NewOak uses analytics, data capabilities and proprietary, customizable technology to collaborate with clients “to convert complex business threats into competitive advantage across its four business lines: financial markets advisory, credit services, capital markets and asset management.”
