Lili Wang
Managing Partner 

Ms. Wang is a Managing Partner of New City Advisors. Prior, Ms. Wang managed a portfolio of Global Financials and Emerging Markets equities at Seneca Capital, a New York based hedge fund, exploring investment opportunities in the US, Europe, Brazil, Mexico, the Middle East, South Africa, and Asia.


Ms. Wang began her career at Goldman Sachs and Company, in the New York investment banking group, and went on to source and execute private equity deals for the Principal Investment Area within Goldman Sachs in Hong Kong.


Ms. Wang graduated from Stanford University with dual B.A.s in Economics and Comparative Literature, and an M.S. in Industrial Engineering. She is fluent in English and Mandarin, and proficient in Spanish, French, and Arabic. She currently holds the following FINRA security licenses: 7, 24, 63, and 79.

Leadership Team


Yannan Wang
Managing Partner 

Mr. Wang is a Managing Partner at New City Advisors. He has a background in risk analysis and management for financial institutions. Mr. Wang has advised global banks, insurers and funds in risk positioning and portfolio management.  He facilitated global investment opportunities for family offices from China with particular expertise in real estate, energy, commodities and high tech ventures.


Mr. Wang began his career at Oliver Wyman, in the London based financial services group. Mr. Wang graduated from University of Cambridge with B.A. and M.Eng degrees in manufacturing engineering. He is fluent in both English and Mandarin.


Mr. Wang currently holds the following FINRA security licenses: 7, 24, 63, 65, and 79.

Karen Zhou
Managing Partner 

Ms. Zhou a Managing Partner at New City Advisors, with expertise in China marketing insight.  Ms. Zhou has a decade of experience in the immigration market, with particular expertise in EB-5, Canada, and immigration policies.  During her career, she has been involved in raising over $250 million for various projects.  Ms. Zhou has extensive experience in internal operations and investor relations.  


Prior to New City Advisors, Ms. Zhou gained in-depth executional experience in immigration project consulting, case processing, internal development, and investor management at various large corporations.  Her unique set of professional skills has enabled Ms. Zhou to effectively liaise, support, and partner with migration agents and investors.  


Mel Okudo
Managing Director 

Mr. Okudo is a seasoned financial services executive with a track record of starting, growing and advising businesses in the United States and Africa. He has been involved in winning and executing on a number of financial advisory, business development and capital raising mandates for clients across various sectors. He has particular experience in the real estate, financial services and power sectors. He serves as a Managing Director at New City Advisors where he is a key member of the firm’s EB-5 and real estate practice.


Mr. Okudo began his career at Goldman Sachs and Company in New York City, where he spent 8 years and rose to become a Vice President. During his tenure at Goldman, he held various positions in Structured Finance/Asset Backed Securities product groups as a deal banker, an investor of the firm’s capital and eventually as a risk manager for the firm's Global Credit Trading portfolio. His product experience at Goldman Sachs spanned the mortgage and corporate credit sectors, in both cash and synthetic products.


Mr. Okudo earned a high honors degree in Economics from Swarthmore College in Pennsylvania. He currently holds the following FINRA security licenses: 7, 24 and 63.

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© 2014 by New City Advisors, LLC