Li will serve high net worth families, individuals, entrepreneurs, hedge fund and private equity professionals and professional service firms, reporting to New York-based Robin Balding, who is manager for private client services, the firm said. 

Prior to joining City National, Li spent more than a decade at JP Morgan, most recently as a senior private banker. She was also an institutional sales marketer in the global credit derivatives group at JP Morgan's investment bank.

In other recent news, City National expanded its private banking team in Pasadena, CA with the appointment of Angel Chen as a senior vice president of private client services and leader of the firm’s new satellite office last month.