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Fortune
Fortune
Christiaan Hetzner

Former co-CEO of failed bank First Republic lands on her feet with a new job

Hafize Gaye Erkan, seen here in a photo dated March 2017, has been picked to run Turkey's central bank. (Credit: Volkan Furuncu—Anadolu Agency/Getty Images)

The saying that in life when one door closes, another opens up, could certainly apply to Hafize Gaye Erkan. In January of last year, the native Turk abruptly resigned as co-CEO and heir apparent to First Republic Bank founder Jim Herbert after just seven months on the job.

While her past employer went on to make the mistakes that eventually led to its historic collapse, the 43-year-old later took over as the boss of Greystone. 

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