Greystone Appoints Hafize Gaye Erkan as CEO

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Founder and CEO Steve Rosenberg to continue to serve as the Executive Chair

Further expansion of core commercial, multifamily real estate lending and capital markets business to come alongside entrance into new financial service sectors

Greystone, a leading national real estate finance company, announced today that the Company has appointed Hafize Gaye Erkan as its Chief Executive Officer (CEO), effective immediately. Her executive responsibilities will commence in September 2022. Ms. Erkan will report to Steve Rosenberg, who will continue to serve as the Executive Chairman of the Board.

Ms. Erkan most recently served as Co-CEO, President and Board Member at publicly traded First Republic Bank, where she helped deliver substantial growth in wealth management, deposits, and total assets. Prior to joining First Republic, Ms. Erkan was the Head of Financial Institutions Group Analytics and Strategies for Goldman Sachs, where she worked for nearly a decade advising financial institution Boards of Directors and executive management teams.

On the appointment, Mr. Rosenberg said: “I am thrilled to welcome Gaye to our firm to drive the next generation of investment and innovation as we pursue strategic growth opportunities, both organically and through acquisitions. She is an inspiring and visionary leader with a successful track record in financial services 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. Together, our ambition is to continue building a world-class organization whose commitment to its clients and employees is second to none.”

Ms. Erkan and Mr. Rosenberg will partner closely to execute on a two-part joint vision for the next phase of Greystone’s growth. First, they will accelerate Greystone’s core commercial and multifamily real estate lending and capital markets business, through investments in technology, operations, and people. This will include continued commitment to Greystone’s strategic joint venture with Cushman & Wakefield. Second, leveraging Greystone’s client-centric approach, they will expand the business into adjacent financial services, including expanded lending products, and private wealth management, as well as real estate and fintech fund management. Ms. Erkan and Mr. Rosenberg are also exploring private banking and residential mortgage lending opportunities.

“I am honored to become CEO at this exciting moment in Greystone’s history and to serve our clients, partners, and dedicated colleagues. 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,” Ms. Erkan said. “Steve has built an impressive business that does well by doing good, and it is my privilege to work alongside him and Greystone’s very talented leadership team to further that legacy and maintain a people-first culture.”

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