City National Rochdale Hires David Garza as Director of Portfolio Management

BEVERLY HILLS, Calif., Dec. 11, 2014 (GLOBE NEWSWIRE) -- City National Rochdale announced today that it has appointed David Garza as a director of portfolio management in Beverly Hills.

Garza is responsible for managing City National Rochdale's nationwide group of portfolio managers and support teams. He reports to Bruce Simon, City National Rochdale's chief investment officer.

With more than 20 years of investment management experience, Garza most recently served as a senior member of BNY Mellon Wealth Management's Southern California management team. In this role, he was responsible for managing and leading a portfolio management team that served high-net-worth and ultra-high-net-worth clients, as well as representing the firm's investment strategy.

"We are very pleased that David has joined City National Rochdale to lead our growing team of portfolio managers," said Bruce Simon, chief investment officer of City National Rochdale. "In addition to his lengthy experience managing portfolios for institutional clients and high-net-worth families, David has also managed people working in a similar capacity."

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Garza is a graduate of the University of California, Los Angeles, where he earned a bachelor's degree in economics. He is a certified public accountant and holds the Chartered Financial Analyst designation and is a member of the CFA Institute. Garza is also a member of the board of directors for the Los Angeles Master Chorale.

About City National Rochdale:

City National Rochdale specializes in personalized portfolio management for high-net-worth individuals, families, and foundations, and provides clients with service that relates all investment decisions to each client's personal benchmark. As of September, City National Rochdale manages nearly $26 billion as a registered investment advisory firm headquartered in Los Angeles and New York City.

City National Rochdale is a wholly-owned subsidiary of City National Bank, America's premier private and business bank, which is backed by more than $32 billion in total assets, and provides banking, investment and trust services through 76 offices. City National Bank and its investment affiliates manage or administer $61.2 billion in client investment assets. City National is America's 25th largest commercial bank and has been recognized as a top wealth manager by Barron's for 14 years in a row.

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CONTACT: Media Contact: Debora Vrana, City National Bank, 213.673.7631

Source:City National Bank