Mike Selfridge has been promoted to chief banking officer of First Republic Bank.

Selfridge was previously senior executive vice president.

In this new position, Selfridge will oversee IT, while assuming the additional oversight of nationwide business banking.

“Mike’s leadership and banking expertise have had a tremendous impact on the success of our business,” Chairman and CEO Jim Herbert said in a statement. “Mike’s promotion acknowledges his many contributions to First Republic and our ongoing focus on delivering seamless service between our private client and business banking activities.”

Selfridge is a graduate of Harvard Business School’s Advanced Management Program.