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First Republic’s Erkan Named Greystone CEO as It Expands Into Wealth Management

  • She will be one of a small number of female financial CEOs
  • Erkan’s exit from First Republic in January was a surprise
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WATCH: Hafize Gaye Erkan says it was the right time to leave First Republic Bank.Source: Bloomberg

Hafize Gaye Erkan, whose surprise departure from First Republic Bank disrupted the lender’s succession plans earlier this year, will become chief executive officer of Greystone as the closely held commercial-property lender expands into wealth management and private banking.

Erkan, 43, will be one of a small number of female CEOs to lead a financial-services company. She joins the New York-based Greystone in September, reporting to founder Steve Rosenberg, the firm’s executive chairman, according to a statement Monday.