Jim Herbert has made his first big decision since announcing plans to retire as CEO of First Republic Bank in San Francisco.
Herbert has joined the board of Forge Global Holdings, a San Francisco company that provides trading technology and operating expertise. He also joined the company’s compensation committee.
Herbert “is a financial services visionary whose deep commitment to client service has led to extraordinary growth at First Republic … over the past 36 years,” Kelly Rodriques, Forge’s CEO, said in a press release. “His leadership, operating and regulatory experience are incredibly valuable to our team, and we look forward to his insight and contributions.”
Herbert remains First Republic’s chairman.
First Republic said in March that Mike Roffler, who served as interim co-CEO while Herbert was on medical leave, had the job permanently.