First Republic Bank, a San Francisco private banking and wealth management company, announced it has hired Andrew Smaltz as a managing director of foreign exchange.

Smaltz, who has eight years of foreign exchange, derivatives and commercial banking experience, will manage the foreign exchange needs of clients in Southern California. He is at the bank's branch in Century City, Calif. He was a vice president at Royal Bank of Scotland in its foreign exchange and derivatives group. Before that, he worked at ABN Amro and FleetBoston Financial Corp.

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