First Republic Bank Appoints President Ms. Hafize Gaye Erkan to its Board of Directors
February 14 2019 - 9:00AM
Business Wire
First Republic Bank (NYSE:FRC), a leading private bank and
wealth management company, today announced that its President, Ms.
Hafize Gaye Erkan, has joined its Board of Directors.
“Gaye’s appointment to our Board of Directors reflects her
substantial contributions to First Republic,” said Jim Herbert,
Chairman and CEO. “This appointment is an important next step as we
continue our leadership succession.”
Erkan has been part of the executive management team since
joining First Republic in 2014 and was previously an advisor to the
Bank. Before joining First Republic, she worked at Goldman Sachs,
as Managing Director and Head of Financial Institutions Group
Strats. Erkan has a Ph.D in Operations Research and Financial
Engineering from Princeton University and a Bachelor of Science
degree from Bogazici University in Turkey.
“I’m honored by this appointment and look forward to continuing
to contribute to First Republic’s success, alongside Jim, fellow
Directors, and our entire leadership team,” said Erkan.
First Republic’s Board of Directors also extended the employment
contract of Chairman and Chief Executive Officer Jim Herbert
through December 31, 2028. Herbert, who founded the Bank in 1985,
will serve as CEO and Chairman through December 31, 2021, and
thereafter as Executive Chairman through December 31, 2028.
“Under Jim’s leadership, First Republic has grown into one of
the most highly regarded and successful financial institutions in
the country,” said Lead Outside Director Reynold Levy. “The Board
is very pleased to both appoint Gaye to our Board and extend Jim’s
service as Chairman and CEO.”
About First Republic
Bank
Founded in 1985, First Republic and its subsidiaries offer
private banking, private business banking and private wealth
management, including investment, trust and brokerage services.
First Republic specializes in delivering exceptional,
relationship-based service and offers a complete line of products,
including residential, commercial and personal loans, deposit
services, and wealth management. Services are offered through
preferred banking or wealth management offices primarily in San
Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and
San Diego, California; Portland, Oregon; Boston, Massachusetts;
Palm Beach, Florida; Greenwich, Connecticut; New York, New York;
and Jackson, Wyoming. First Republic is a constituent of the
S&P 500 Index and KBW Nasdaq Bank Index. For more information,
visit firstrepublic.com.
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