City National Bank Hires Richard Byrd To Head Wealth Management.LOS ANGELES -- City National Bank (NYSE NYSE See: New York Stock Exchange :CYN), California's premier private and business bank, today announced that Richard D. Byrd has joined the company as executive vice president and director of Wealth Management Services. Byrd will be responsible for City National Asset Management and City National Securities, Inc., the company's broker-dealer subsidiary, as well as the bank's personal and business trust services, including its growing 401k business. He will lead a team of 200 colleagues in Southern California, the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Together, they will manage or administer $25.8 billion in client investment and trust assets. Byrd will serve on City National Bank's Executive Committee and report directly to Chairman and Chief Executive Officer Russell Goldsmith. "We're very pleased that Rich Byrd, with his extensive experience and success here in California, will lead our growing asset management and trust business," Goldsmith said. "In conjunction with a strong team of wealth managers, trust personnel and bond brokerage experts, Rich will enhance our capabilities, our outstanding client service, our proprietary open architecture and our role as a trusted financial advisor." Byrd joins City National from Wells Fargo Bank, where he was executive vice president and regional managing director of the bank's Private Client Services Division, leading a team of 325 employees that was responsible for $15 billion in private client assets throughout Southern California. "I am delighted to join an institution that is so passionate about helping its clients," Byrd said. "City National is clearly the place to be for superior private banking and wealth management services." Byrd earned a master's degree in business administration from Santa Clara University in 1993. He obtained his bachelor's degree in economics from University of California, Santa Barbara History The predecessor to UCSB, Santa Barbara State College, focused on teacher training, industrial arts, home economics, and foreign languages. Intense lobbying by an interest group in the City of Santa Barbara led by Thomas Storke and Pearl Chase persuaded the State in 1983. He holds NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Series 7, 9, 10, 24 and 63 securities licenses. Active in community affairs, Byrd is a board member of Villa Esperanza and the Greater Los Angeles Zoo The Los Angeles Zoo founded in 1966, is a large zoo located in Los Angeles, California, USA. The Zoo, located in Los Angeles' Griffith Park, is home to 1,200 animals from around the world. . City National is one of the nation's top wealth managers, according to Barron's magazine. The company and its independent asset management affiliates manage a total of more than $17 billion of client trust and investment assets. Assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. or administration amount to $37 billion. About City National City National Corporation (NYSE:CYN) is a financial services company with $14.5 billion in total assets. Its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , City National Bank, is the second largest independent bank headquartered in California. It provides banking, investment and trust services through 54 offices, including 12 full-service regional centers, in Southern California, the San Francisco Bay Area and New York City. For more information about City National, visit the company's Website at cnb.com. |
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