Hafize Gaye Erkan Named New Greystone CEO

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Greystone has appointed First Republic Bank (FRCB)’s Hafize Gaye Erkan as its new chief executive officer, with responsibilities commencing in September. Erkan will report to Steve Rosenberg, who will continue to serve as the executive chairman of the board.

“I am thrilled to welcome Gaye to our firm to drive the next generation of investment and creation as we pursue strategic growth opportunities, both organically and through acquisitions,” Rosenberg said. “She is an inspiring and visionary leader with a successful track record in financial benefits spanning two decades. She shares our ideals of caring for employees, partners, and clients and giving back to our communities, and I am excited to partner with her to lead Greystone into a new phase of growth.”

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Prior to the appointment, Ekran was co-CEO and president of First Republic Bank and did a decadelong stint at Goldman Sachs (GS), where she headed group analytics and strategies.

“I am honored to become CEO at this exciting moment in Greystone’s history and to serve our clients, partners and dedicated colleagues,” Erkan said in prepared remarks. “I look forward to utilizing my expertise in banking and wealth management to expand Greystone into new areas of financial services and build on the company’s strong foundation in real estate finance.” 

Erkan and Rosenberg plan to now work closely on a two-part joint vision for the next phase of Greystone’s growth, according to a release. 

That vision includes amping up Greystone’s core commercial and multifamily real estate lending and capital markets business.

This will include tech investments and money dedicated to operations and personnel.

Greystone is also looking at expanding the products in its lending platform as well as its private wealth management and fintech fund management businesses.

Update: This story originally misattributed source material. This has been corrected. We apologize for the error.

Emily Fu can be reached at efu@commercialobserver.com.