First Republic Bk adds to wealth-management teams

FWR Staff

23 April 2008

Private bank adds investment-consulting specialists in NYC, San Diego. First Republic Bank has hired Rajesh Nakadi, formerly head of advisory services at Quinlan Private, as a New York-based managing director of First Republic Wealth Advisors.

Nakadi reports to Bob Thornton, president of First Republic Investment Management.

Expansion

First Republic Wealth Advisors collaborate with the bank's relationship-management teams to help clients -- individuals, families, foundations and non-profits -- identify their wealth-management objectives and then recommend strategies to help them achieve these goals.

"Rajesh Nakadi is a terrific addition to the expanding team of First Republic Wealth Advisors in New York, and his experience will help First Republic meet the expanding needs of its wealth-management clients," says First Republic's president and COO Katherine August-deWilde. " shares our commitment to delivering exceptional service to every client."

Prior to Quinlan, a New York- and London-based private-equity real-estate firm, Nakadi spent a decade at Merrill Lynch where, among other things, he was CIO of its Private Banking and Investment Group.

San Francisco-based has also hired First Republic Mark Gerardi as a First Republic Wealth Advisors managing director in San Diego. He starts on Monday.

In addition, First Republic has a new relationship manager in Jose Marquez, previously a wealth manager with San Francisco-based Union Bank of California. He works with the First Republic's private-banking team in Los Angeles.

Earlier this year Dante Tosetti left San Francisco-based Borel Private Bank & Trust, where she was a commercial loan officer, to become a managing director of First Republic's business-banking unit. Tosetti is based in San Francisco.

First Republic is a subsidiary of Merrill. Aside from San Francisco, New York and Los Angeles, it has offices in Santa Barbara, Calif., Newport Beach, Calif., San Diego, Las Vegas, Portland, Ore., Seattle and Boston. -FWR

Purchase reproduction rights to this article.