SAN FRANCISCO, May 19, 2016 /PRNewswire/ -- First Republic Bank (NYSE: FRC), a leading private bank and wealth management company, today announced that Chris Wolfe, the former Chief Investment Officer of Merrill Lynch's global wealth management business, has been appointed Chief Investment Officer of First Republic Private Wealth Management.
Wolfe will be responsible for the investment strategy and outlook of First Republic Private Wealth Management, which includes First Republic's integrated investment, trust and brokerage groups. Wolfe, who has 25 years of investment management experience, will report to Bob Thornton, President of First Republic Private Wealth Management.
"Chris Wolfe is one of the industry's most respected and thoughtful investment strategists," Thornton said. "Chris brings global perspective to First Republic, as well as experience in all types of market conditions. His leadership and experience will help First Republic meet the needs of its growing number of wealth management clients."
As of March 31, 2016, First Republic Private Wealth Management had $73.4 billion in assets under management or administration.
For the past ten years, Wolfe has served as the Chief Investment Officer for Merrill Lynch's Private Banking and Investment Group. Most recently, he served as the Chief Investment Officer for Merrill Lynch's global wealth management business. Prior to that, he was Global Head of Equities at JP Morgan Securities/JP Morgan Private Bank. Earlier in his career, he held research management roles at Lincoln Capital and Dover Management. Wolfe has an MBA from Columbia University and a Bachelor of Science degree in Finance and Marketing from the University of Rhode Island. Wolfe is a Chartered Financial Analyst® and CERTIFIED FINANCIAL PLANNER™.
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, with a solid commitment to responsiveness and action. 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; and Greenwich and New York, New York. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. For more information, visit www.firstrepublic.com.
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SOURCE First Republic Bank