People Moves
City National Bank Expands Private Banking Business In Orange County
City National Bank has brought in Richard Stasand as a senior vice president and senior private client advisor in Irvine, CA.
Stasand will be part of an expanded private banking focus in Orange County, the firm said.
Reporting to Carla Furuno, senior vice president and manager for private client services in Orange County and San Diego, CA, Stasand will serve high net worth families, related professional service firms and non-profits in the region.
Prior to joining City National, he advised HNW individuals and their families as a managing director at Citi Private Bank.
Stasand jumped ship to Citi after 20 years with Bank of America's US Trust unit, where he was a managing director working with individuals, families, private foundations and charitable organizations. There, he advised on investments, estate planning and taxes.
City National Bank and its investment affiliates manage or administer $56.7 billion in client investment assets, including $38.2 billion under direct management. It is the wholly-owned subsidiary of New York-listed City National.