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More First Republic Advisors Jump to Rockefeller, City National Bank

In the latest exodus from troubled First Republic Bank, a 17-member New York team has joined Rockefeller’s global family office, while another advisor goes to City National Bank.

Rockefeller Capital Management has added a 17-member advisor team in New York from First Republic Wealth Management, a little more than a month after Silicon Valley Bank’s collapse led to uncertainty around regional bank stability, and the health of First Republic in particular.

The team, led by Managing Directors and Private Advisors Larry Rothenberg, Shaun Van Vliet, David Farber, Schuyler Perry, and Senior Vice President and Private Advisor Timothy Deygoo, will operate as Liberty Wealth Partners. The advisors will support Rockefeller’s global family office business and report to Michael Outlaw, national field director of Rockefeller Global Family Office, according to the firm.

“Liberty Wealth Partners joins our existing group of eight talented private advisor teams based in the New York Metro region,” Outlaw said in a statement. “The team’s extensive experience as trusted advisors helping investors, business owners and families navigate the complexities of wealth further strengthens our ability to serve a growing base of discerning clients.”

They’re joined by Senior Vice President and Team Chief Operating Officer Esma Bajraktarevic; Vice President and Team Chief Investment Officer Joseph Kissinger; Vice Presidents and Client Relationship Managers Kevin Finley, Alex Amoruso Kennedy and Katarzyna Anemodouras; Associate Vice Presidents and Financial Analysts Gavin Abrams and Harrison Dale; Associate Vice President and Wealth Manager Samuel Hodgson Jr.; Senior Client Associate Hobby Lynch; Client Associates Neev Mittal and Greg Goldstein; and Administrative Associate Luke Modugno.

Joseph Dionisio, a managing director at First Republic Wealth Management, has also left the firm, joining City National Bank in New York as senior vice president and senior wealth planner, according to his LinkedIn profile. Dionisio could not be immediately reached by publication time.

Dozens of former First Republic advisors have fled the bank in the past few weeks, landing at RBC, Morgan Stanley, UBS, JPMorgan and Rockefeller, according to and published reports.

Last month, 11 financial institutions injected $30 billion in deposits to stop the bleeding at First Republic, but there continues to be uncertainty; in the past month, the bank stopped paying dividends on preferred stock, suspended the common-stock dividend, eliminated annual executive bonuses and hired JPMorgan’s investment banking division to advise them, according to Yahoo Finance

First Republic's stock has fallen by over 90% from where it was trading just two months ago.

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