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First Republic Adds Former US Trust Duo In NYC

Jehan Karanjia 22 March 2012

First Republic Adds Former US Trust Duo In NYC

San Francisco, CA-based private bank First Republic has added former US Trust employees James Dempsey and Richard Chalifoux to its private wealth management arm, based at the firm's Rockefeller Center, NY office.

Dempsey joins the firm as managing director and portfolio manager with First Republic Investment Management, while Chalifoux takes on the role of managing director and senior trust officer with First Republic Trust Company.

Formerly, Dempsey held a similar position at US Trust, the private wealth management division of Bank of America. Prior to that, he was with JP Morgan and Bank of New York, specializing in portfolio management.

Chalifoux, who also joins from BoA’s private wealth management unit, was a senior vice president and senior trust officer at the firm, and is also an accredited estate planner.

First Republic Investment Management and First Republic Trust Company are both part of First Republic Private Wealth Management, which had around $20.4 billion of client assets under management as of December 2011.


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