Marsh bolsters board expertise with ex-Goldman Sachs managing director

Global broker  Marsh McLennan has bolstered its board of directors with the appointment of a former Goldman Sachs veteran and co-CEO of First Republic Bank.

Hafize Gaye Erkan (pictured) will join Marsh McLennan as director effective March 1. With her appointment, the company’s board will consist of 14 directors.

Prior to 2022, Erkan served as co-CEO of First Republic Bank, a publicly traded commercial bank and trust company with total assets of $181 billion and additional wealth management assets of $279 billion as of December 31, 2021.

She also served as president of First Republic from 2017 to 2021 and was a member of the company’s board of directors from 2019 to 2021. She joined First Republic as senior vice president, chief investment officer and co-chief risk officer in 2014.

Before joining First Republic in 2014, Erkan spent a decade at Goldman Sachs, ultimately serving as managing director and head of financial institutions group analytics and strategies. In that role, she worked closely with boards of directors and senior management teams of financial institutions, insurers, asset managers and banks.

“Gaye has deep expertise in investments, risk management, growth markets and digital innovation,” said H. Edward Hanway, chairman of Marsh McLennan’s board of directors. “We look forward to welcoming her to the Board.”

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