diff --git a/centrifuge-app/src/pages/IssuerCreatePool/index.tsx b/centrifuge-app/src/pages/IssuerCreatePool/index.tsx
index 04b68aca8..0a34178fd 100644
--- a/centrifuge-app/src/pages/IssuerCreatePool/index.tsx
+++ b/centrifuge-app/src/pages/IssuerCreatePool/index.tsx
@@ -143,7 +143,7 @@ const initialValues: CreatePoolValues = {
   reportAuthorAvatar: null,
   reportUrl: '',
 
-  tranches: [createEmptyTranche('Junior')],
+  tranches: [createEmptyTranche('')],
   adminMultisig: {
     signers: [],
     threshold: 1,
@@ -543,6 +543,13 @@ function CreatePoolForm() {
       value: label,
     })) ?? []
 
+  // Use useEffect to update tranche name when poolName changes
+  React.useEffect(() => {
+    if (form.values.poolName) {
+      form.setFieldValue('tranches', [createEmptyTranche(form.values.poolName)])
+    }
+  }, [form.values.poolName])
+
   return (
     <>
       <PreimageHashDialog