City National Bank Hires Thompson to Head Wealth Management; Kozlen Takes New Post as Director of Asset Management Development.Business Editors NOTE TO MEDIA: Multimedia assets available LOS ANGELES--(BUSINESS WIRE)--Dec. 4, 2002 City National Bank, California's Premier Private and Business Bank(R), announced today that Shelley B. Thompson has joined the company as executive vice president and director of Wealth Management. In this newly created position, Thompson will direct City National's wealth management strategy and delivery system, including the investment management, personal trust, business trust, and estate and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against groups, as well as its broker-dealer subsidiary, City National Securities, Inc. She also will oversee the delivery of asset management solutions to the bank's investment clients through City National Private Client Services. Thompson will report directly to City National Bank Chairman and Chief Executive Officer Russell Goldsmith and serve on the bank's Executive Committee. In a related move, City National Executive Vice President Vernon C. Kozlen will fill the newly created position of director of Asset Management Development. Kozlen, who formerly was director of City National's investment management, trust and securities brokerage division, will be responsible for managing the company's relationships with affiliated, external investment management firms and other non-interest-oriented products, as well as the acquisition of additional asset management businesses. "This is a natural and important evolution of our long-term commitment to further develop City National's wealth management capabilities to meet the investment needs of our private clients," said Goldsmith. "Shelley Thompson Shelley Thompson is a Canadian actress best known for her character Barbara Lahey on the hit Canadian mockumentary program Trailer Park Boys. Shelley was trained in acting at the Royal Academy of Dramatic Art in London. is particularly well qualified to take the delivery of our growing array of wealth management products and services to the next level. She has a distinguished career in this arena and has successfully demonstrated her ability to build effective, successful teams that produce positive results and enhance client relationships." Goldsmith continued, "At the same time, we have established and intend to develop our external asset management firm relationships, and our growing investments here require focused, effective leadership. Vern Kozlen has successfully led the significant growth and expansion of our trust and investment management businesses for more than six years, including an asset management acquisition, and now will be able to provide needed full-time leadership in this new capacity." Thompson joins City National from U.S. Trust where she served as chief executive officer and managing director of that company's Minnesota regional office. Prior to joining U.S. Trust, she was an executive vice president and group head of Private Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. at U.S. Bancorp. Thompson previously was with Wells Fargo Bank in Los Angeles, serving as executive vice president and group head of its Private Banking Group. A trust and estate attorney, she began her career with two law firms in Los Angeles and later served as in-house trust counsel and trust administrative manager of Citicorp's trust and personal investment subsidiary. A member of the State Bar of California and American Bar Association American Bar Association (ABA), voluntary organization of lawyers admitted to the bar of any state. Founded (1878) largely through the efforts of the Connecticut Bar Association, it is devoted to improving the administration of justice, seeking uniformity of law , Thompson holds a law degree from University of California, Hastings College of the Law University of California, Hastings College of the Law is a premier, first-tier law school located in downtown San Francisco, California. It was founded in 1878 by Serranus Clinton Hastings, the first Chief Justice of California, as the first law school of the University of , and a bachelor's degree 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 . Kozlen joined City National in 1996. Since then, the company has nearly tripled its 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 to more than $19 billion, established an estate and financial planning group, launched a family of proprietary mutual funds, developed an internal team of investment advisors and acquired North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Trust Company and Reed, Conner & Birdwell, a value-oriented investment firm. In his new role, Kozlen will continue to serve on the bank's Executive Committee and report to Goldsmith. About City National City National Corporation (NYSE NYSE See: New York Stock Exchange : CYN CYN Canyon ) is a financial services company with $11.3 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 and provides banking, investment and trust services through 54 offices, including 11 full-service regional centers, in Southern California and 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 . The company has more than $19 billion in investment and trust assets under management or administration. For more information about City National, visit the company's Web site at www.cnb.com. Note: Two photos available at these URLs: http://www.businesswire.com/cgi-bin/photo.cgi?pw.120402/bb5 http://www.businesswire.com/cgi-bin/photo.cgi?pw.120402/bb5a |
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