Family Office
First Republic names New York securities-biz head
Ryan Beck veteran to head San Francisco bank's Big Apple
brokerage efforts. First Republic Bank has made Abe Borenstein a
managing director of its brokerage unit, with the responsibility
for overseeing broker-dealer operations in the New York area.
"Abe Borenstein has a long track record of success in helping
individual investors and businesses meet their investment
objectives," says Katherine August-deWilde, executive v.p. and
COO of First Republic Bank. "Abe's leadership and experience will
help First Republic as it continues to expand in New York."
Borenstein comes to First Republic with over 30 years of
experience in the brokerage business. Before joining First
Republic, Borenstein spent five years with Ryan Beck. Prior to
that, he worked at Prudential Securities, Merrill Lynch and Bear
Sterns.
In his new role, Borenstein will help to meet the investment
management requirements of high-net-worth individuals and
institutions.
First Republic Securities, a wholly owned subsidiary of San
Francisco-based First Republic Bank, manages and administers
$16.3 billion in assets in its investment management, wealth
advisory, trust and brokerage divisions. -FWR
.