San Francisco-headquartered First Republic Bank has appointed Philip Hayes as deputy head of its trust unit, along with Alistair Christopher, who joins as vice president and senior trust officer, based in Boston.
The firm said it is focusing on broadening its trust capabilities in light of growing demand from clients, as indicated by the launch of a new trust company in Delaware in March.
Prior to joining First Republic, Hayes worked at Bessemer Trust for 11 years, most recently as managing director.
Christopher was previously a senior vice president and senior trust officer at US Trust in Boston, and an estate planning and trust attorney in southern and northern California before that.
First Republic Trust Company is part of First Republic Private Wealth Management, which provides investment management and brokerage services to high net worth individuals, families, foundations and endowments.
The firm had over $4.6 billion in assets under management and custody as of 31 March.