LOS ANGELES, Jan. 15, 2016 (GLOBE NEWSWIRE) -- City National Bank today announced that senior banker Scott Witter has been promoted to serve as executive vice president of the company’s Core Banking Division. He will succeed Kevin Dunigan, who has announced his retirement.
Witter will be responsible for the strategic direction, business development and client service within the bank’s small business, consumer and preferred banking lines of business. In this capacity, he will oversee more than 500 colleagues in California, Nevada and New York.
“We’re deeply grateful to Kevin for all that he has contributed to City National’s success, and we’re delighted that Scott will lead our Core Division going forward,” said bank President Christopher Warmuth. “He is an outstanding banker with a solid track record of achievement and a strong commitment to premier client service.”
Witter has more than 30 years of financial services experience and most recently served as senior vice president and manager of City National’s Private Client Services in New York. He joined City National in 2008 and before that held senior positions in consumer and premier banking, corporate treasury, regulatory reporting, compliance, accounting, corporate relations and government affairs. When he moved to New York, Witter retired from a 27-year career with the Azusa Police Department as a reserve police officer.
Witter is a graduate of California State University, Los Angeles, where he earned a bachelor’s degree in finance and business administration. A certified financial planner, Witter is a registered securities representative and holds Series 6, 7, 24, 26, 63 and 65 securities licenses, as well as a life and disability insurance license.
Dunigan joined City National in 1999 and has led its Core Banking Division for 17 years. During that time, the bank has grown from 35 branches to 75, and it has introduced both Business Banking and Preferred Banking to its clients.
Dunigan also is the bank’s Orange County regional executive, and will continue to serve in that capacity until a successor is named. He is active in the community and serves on the board of the Argyros School of Business and Economics at Chapman University.
Replacing Witter in New York will be Brandon Williams, formerly an executive vice president of Wealth Management at TD Bank in Manhattan. Williams joined TD Bank in 2001 and led the successful launch of its U.S. wealth business.
City National merged with Royal Bank of Canada on November 2, 2015, and the Los Angeles-based bank continues to grow. The company hired more than 100 new colleagues in 2015 and plans to add at least as many this year, eventually expanding into new communities.
About City National
With $35.6 billion in assets, City National Bank provides banking, investment and trust services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. In addition, the company and its investment affiliates manage or administer $59.4 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 38 other countries.
For more information about City National, visit the company’s website at cnb.com.
Media Contact: Debora Vrana, City National Bank, 213.673.7631 Debora.Vrana@cnb.com
Source:City National Bank