First Republic Bank, a private bank and wealth management firm, has hired Clarke Leaverton and Spencer Strahan from Merrill Lynch for its private wealth management office in Portland.

Leaverton and Strahan, who have more than 30 years of investment experience, have been named managing directors and investment consultants.

The duo have has joined First Republic from Merrill Lynch, where they most recently served as senior vice presidents and earlier as investment advisors.

Katherine August-deWilde, president and chief operating officer of First Republic Bank, said:"Clarke Leaverton and Spencer Strahan are world-class investment professionals and strengthen our expanding team of wealth advisors and investment specialists in Portland. They have long track records of success in working with individuals and families whose objective is to grow and preserve wealth across generations."

First Republic Private Wealth Management provides customized wealth management solutions, including trust, investment management and brokerage services, to high net worth individuals and families, foundations, and endowments.