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Another Promotion, Three Hires At First Republic
Eliane Chavagnon
9 December 2015
First Republic Bank has promoted executive vice president Jason Bender to chief operating officer, reporting to chairman and CEO Jim Herbert. Family Wealth Report has contacted the bank to ascertain if Bender replaces anyone in this role. Also this week, Mike Selfridge, senior executive VP, was promoted to the role of chief banking officer. Bender will be responsible for the overall operations of deposits and lending, online banking and related digital activities, as well as strategic planning, enterprise data and secondary loan marketing. He will continue to oversee banking activities in the South Coast California region. Bender joined First Republic 16 years ago and most recently served as the bank's chief administrative officer. Before that, he led the bank's finance and planning departments. Meanwhile, First Republic also said that Keith Webster, Robin Yoshimura and Michael Schanna have joined as managing directors and portfolio managers from Credit Suisse. Webster will be based in Century City, Yoshimura will be based in downtown San Francisco, and Schanna will be based in Newport Beach. The three-member team is the latest to join First Republic Private Wealth Management. Over the past six months, six advisors teams have joined First Republic, while on October 1 the firm completed its acquisition of Constellation Wealth Advisors.