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Californian Bank Appoints Head of Wealth Management

Stephen Harris

11 August 2005

City National Bank, a Los Angeles-based private bank, has appointed Richard Byrd as director of its wealth management services. Mr Byrd will be responsible for City National Asset Management and City National Securities, the company's broker-dealer subsidiary, as well as for the bank's personal and business trust services. He will lead a team of 200 in Southern California, the San Francisco Bay Area and New York City, which manages or administers $25.8 billion in client investment and trust assets. Mr Byrd joins from Wells Fargo Bank, where he was regional managing director of the bank's private client services division. City National and its asset management affiliates manage a total of more than $17 billion of client trust and investment assets. Assets under management or administration amount to $37 billion.