First Republic Bank appointed Neal Holland executive vice president and CFO and Olga Tsokova deputy CFO, effective Nov. 2. Tsokova will continue to serve as executive vice president and chief accounting officer in addition to her new responsibilities as deputy CFO.
Holland will join First Republic from MUFG Union Bank, where he currently serves as the CFO of Union Bank and MUFG Americas, where he has held roles of increasing responsibility over the past 14 years. He has more than 20 years of strategic and operational financial experience across financial planning and analysis, accounting, regulatory affairs and executive management.
“Neal’s deep financial experience and broad understanding of the regulatory landscape will be very valuable as First Republic continues to deliver safe, consistent growth,” Mike Roffler, CEO and president of First Republic Bank, said. “Importantly, Neal’s client-centric and collaborative approach is aligned with our unique culture and business model.”
“I’m excited to join First Republic and contribute to this outstanding culture and company as its chief financial officer,” Holland said. “I look forward to partnering closely with Mike, Olga and the leadership team to continue to drive consistent growth while maintaining exceptional client service.”
Tsokova joined First Republic in 2015 as chief accounting officer and has served as acting CFO since January 2022. She previously served for more than 10 years at City National Bank and prior to that, she worked in the financial services audit practice at Ernst & Young.
“Olga has done an excellent job as our acting chief financial officer, and we are delighted to appoint her to deputy CFO in addition to her responsibilities as chief accounting officer,” Roffler said. “Olga is a key leader at First Republic, and her success in overseeing our finance and accounting functions has been critical to our continued focus on safety and soundness.”
“It has been a privilege to support First Republic as our acting CFO, and it is an honor to now serve in this new capacity,” Tsokova said. “I look forward to working with Neal as part of our exceptional team to deliver safety, stability and extraordinary service.”
