First Republic Bank Names Susie Cranston Chief Operating Officer

Susie Cranston was in charge of managing the company's Client Services and Wealth Managers departments. The appointment will take effect on September 1, 2022. Cranston previously worked for McKinsey & Company for 12 years. First Republic is a component of the KBW Nasdaq Bank Index and S&P 500 Index.

Susie Cranston, Senior Executive Vice President of First Republic Private Wealth Management, has been named Executive Vice President and Chief Operating Officer of First Republic Bank, The appointment will take effect on September 1, 2022.

As a member of First Republic's Private Wealth Management executive team, Cranston joined the company in 2013. He assisted in increasing assets under management from just over $40 billion to close to $250 billion. Most recently, she was in charge of managing the company's Client Services and Wealth Managers departments. Cranston has also been in order of platform development, strategic planning, and expanding First Republic's wealth management offerings.

Cranston worked for McKinsey & Company for 12 years before joining First Republic, where she provided strategy, risk management, and transformational change advice to businesses in the financial services industry. In addition to writing several published articles and the book How Remarkable Women Lead on women in leadership, Cranston serves on the board of the Commonwealth Club. Cranston graduated from Stanford University with a Bachelor of Science in Industrial Engineering and the Stanford Graduate School of Business with an MBA.

"We are delighted to appoint Susie to Chief Operating Officer,”

said CEO and President Mike Roffler.

“Susie is an outstanding leader who exemplifies our collaborative, team-based approach. She has been a key contributor to our growth with a proven track record of creating scalable solutions. Susie is well positioned to help continue to drive our client service success in her new role at First Republic.”

"It is an honor to be named Chief Operating Officer of First Republic,"

said Cranston.

"I look forward to focusing on operational excellence across the organization, in support of our continued exceptional client service delivery and long-term, consistent, sustainable growth.”

First Republic, a company it founded in 1985, provides private banking, private business banking, and private wealth management. First Republic offers a full range of products, including residential, commercial, and personal loans, deposit services, and private wealth management, which includes investment, brokerage, insurance, trust, and foreign exchange services. The company specializes in providing exceptional, relationship-based service.

The majority of the preferred banking or wealth management offices where services are provided are located are in the Californian cities of San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, and San Diego; Portland, Oregon; Boston; Palm Beach; Greenwich; New York; Jackson; and Bellevue, Washington. Both the KBW Nasdaq Bank Index and the S&P 500 Index include First Republic as a component. Visit firstrepublic.com for more details.

Source: First Republic news