Tuesday, 15 November 2011
Charles Heaphy joins First Republic Bank
City National Bank vet Charles Heaphy has became a member of First Republic Bank as senior controlling director, within the bank's latest move to become serious player in entertainment financing. Similar to he did at City National, Heaphy will lead the film and tv finance group for First Republic. In the new publish, he'll make use of a team of bankers to supply specialized lending, deposit and wealth management services to film and tv production companies and business management firms. "Charles Heaphy is among the respected film finance professionals in Hollywood," stated Katherine August-deWilde, leader and chief operating officer of First Republic. "With Charles leading our movie and tv finance team, First Republic presently has greater abilities to meet the requirements of firms within the entertainment industry." The economic crisis of 2008 saw a lot of lenders retreating from Hollywood, plus some have started to very carefully enter or re-enter. First Republic joins SunTrust Bank, OneWest Bank and East West Bank, for instance, in recent expansions in to the entertainment sector. Heaphy, that has fifteen years of banking experience, offered as senior Vice president and mind of film finance for City National before joining First Republic. Just before that, he offered being an investment banker for First Chicago NBD in La. Contact Rachel Abrams at Rachel.Abrams@variety.com
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