White Oak Sees Finance Firms ‘Building Beachheads’ in Florida

White Oak Global Advisors Chief Executive Officer Andre Hakkak said his company’s new Miami office is likely to expand to about 10 to 15 people in the next year and more than 30 within five years as financial-services providers flock to the region.

“It’s evolving, and firms like White Oak are going to start building beachheads here,” he said in an interview Monday.

Hakkak recently moved to South Florida from San Francisco, part of a wave of transplants that includes new headquarters for Paul Singer’s Elliott Management Corp. and Tom Barrack’s Colony Capital Inc., as well as offices for Blackstone...