Weiss Brings Tech Savvy to City National Investments.RICHARD Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a Weiss brings a background in hightech number crunching Refers to computers running mathematical, scientific or CAD applications, which perform large amounts of calculations. See number cruncher. (application, jargon) number crunching to his new job as chief investment officer and senior vice president at City National Investments. In that role, his focus will be on having the division of Beverly Hills-based City National Bank use cutting-edge technology in making investment decisions. "We're using scientific tools to analyze the stock market," he said. "My first priority is ensuring that investment performance is as good as it could possibly be, with the most competitive returns available." Weiss now has roughly $4 billion in assets under his investment discretion, with clients ranging from Hollywood celebrities to municipal agencies and 401(k) plans. That amount will grow when City National Corp. completes its acquisition of San Francisco-based Pacific Bank for $153 million. The move will bring the corporation's total assets to an estimated $7.5 billion, making City National the largest independent bank headquartered in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Weiss was most recently chief investment officer and executive vice president of Sanwa Bank California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . He says the addition of tech-savvy staff members like Brian Garbe, also formerly of Sanwa and now director of research, will help City National make full use of its advanced hardware and software. Weiss previously served as senior investment strategist strat·e·gist n. One who is skilled in strategy. Noun 1. strategist - an expert in strategy (especially in warfare) strategian market strategist - someone skilled in planning marketing campaigns and senior vice president for Vantage Global Advisors. He earned his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Chicago. |
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