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MUFG Union Bank’s Holland Named CFO of First Republic Bank

August 24, 2022, 07:49 AM

First Republic Bank announced Neal Holland has been named Executive Vice President and Chief Financial Officer, and Olga Tsokova has been named Deputy Chief Financial Officer, effective Nov. 2. Tsokova will also 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 and held roles of increasing responsibility over the past 14 years. He has over 20 years of strategic and operational financial experience across financial planning and analysis, accounting, regulatory affairs and executive management. Holland earned a Bachelor of Arts in Business Administration from the University of Washington and is a Chartered Financial Analyst and Certified Public Accountant.

Mike Roffler, CEO and President of First Republic Bank, said, “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. Importantly, Neal’s client-centric and collaborative approach is aligned with our unique culture and business model.”

Holland said, “I’m excited to join First Republic and contribute to this outstanding culture and company as its Chief Financial Officer. 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. Previously, she served over 10 years at City National Bank and prior to that in the financial services audit practice at Ernst & Young. Tsokova holds a bachelor’s degree from the Moscow Finance Academy, and she is a graduate of Harvard Business School’s General Management Program and is a Certified Public Accountant.

Roffler said, “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. 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.”

Tsokova said, “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,” said Tsokova. “I look forward to working with Neal as part of our exceptional team to deliver safety, stability and extraordinary service.”

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