People Moves

City National Hires Specialist Entertainment Bankers In NYC

Vanessa Doctor Asia Correspondent 5 July 2011

City National Hires Specialist Entertainment Bankers In NYC

City National Bank has bolstered its Manhattan operations by adding two bankers who specialize in entertainment industry clients.

Stepping in from Wells Fargo in New York is Boris Gluzberg as vice president and senior relationship manager. He specializes in the affairs of ultra-wealthy families and has previously worked for both BNY Mellon Wealth Management and Citigroup North America. He reports to Rich McCune, the senior vice president who heads City National's NY entertainment division.

Joining the firm from Comerica Bank in Los Angeles is David Oliver as vice president and relationship manager. He brings extensive experience as a banker to the film and television industry, having worked for The Walt Disney Company and Sony Music Entertainment. He reports to David Acosta, senior vice president and team leader in New York.

Commenting on the hires, McCune said they reflected City National’s commitment to this market, and also that they would boost the bank’s ability to attract and service entertainment clients on both coasts.

The bank, which has been growing its New York business since first opening an office there in 2002, joins other wealth managers in going after entertainment industry clients. Such clients require specialized services due to their specific earning lifecycles and lifestyles.

First Republic has ramped up its coverage of the entertainment industry this year, bringing in two specialized bankers in February, while SunTrust Banks acquired the San Francisco-based wealth management firm CSI Capital Management in May, which focuses on the sports and entertainment sectors. 

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