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Mike Roffler named CFO of First Republic Bank


Private bank and wealth management company First Republic Bank has appointed Mike Roffler, Deputy Chief Financial Officer for the past five years, as Executive Vice President, Chief Financial Officer effective 1 January 2015.

Roffler succeeds Willis Newton, who has served as CFO of First Republic for the past 26 years.

Newton joined First Republic in 1988 as Chief Financial Officer and played a key role in the Bank's growth. In 2011, Newton was named CFO of The Year by The San Francisco Business Times. Newton was instrumental in First Republic's divestiture in 2010 from Bank of America, including its $1.8 billion capital raise, second IPO and secondary common stock offerings.

"It has been a great privilege and true pleasure to work with Willis for the past 26 years," says Chairman and CEO Jim Herbert. "Willis is a consummate professional whose expertise and judgment have helped First Republic become one of the nation's most successful financial services companies. We are pleased Willis will remain engaged with First Republic as a consultant, while having time to enjoy a well-deserved retirement."

Roffler joined First Republic in 2009 and has had direct responsibility for accounting, tax, and both financial and regulatory reporting. He was closely involved in First Republic's divestiture from Bank of America and its second IPO in December 2010. He led multiple preferred and common stock offerings, and a senior debt offering. Prior to joining First Republic, Roffler worked for 16 years in the audit practice at KPMG and became a Partner in 2004. At KPMG, he served numerous financial services organizations and worked as a licensed CPA. Roffler has a Bachelor of Science degree in accounting from Marquette University and more recently completed the Stanford Executive Program.

"Mike Roffler is an exceptional leader whose extensive experience in the capital markets, balance sheet management and investor relations has helped drive First Republic's success over the past five years," Herbert says. "Mike fully understands First Republic's business model and has become a key part of our culture."

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