LOS ANGELES, Aug. 17, 2017 (GLOBE NEWSWIRE) -- City National Bank, America’s Premier Private and Business Bank®, announced today that John R. Randall has joined the company as its chief credit officer and a member of its Executive Committee. He is based at City National Plaza, the company’s headquarters in downtown Los Angeles, and reports to Russell Goldsmith, chairman and chief executive officer of City National and chairman of RBC Wealth Management-U.S.
Randall will take responsibility for City National’s credit management, and he will play a critical role in the company’s growth going forward. In addition to leading a robust and responsive team of more than 75 colleagues, he will implement a credit risk strategy aimed at facilitating growth and upholding the quality of the company’s $28 billion loan portfolio.
“John is a seasoned leader who will reinforce City National’s prudent credit culture and focus on funding appropriate credit solutions,” Goldsmith said. “He brings to our company not only superior credit management expertise, but also strong experience as a middle-market lender in California and the West and a deep understanding of the communities we serve. His background and leadership skills are particularly well suited to City National’s strong credit culture and growth plans.”
Randall comes to City National from Wells Fargo, where he was most recently executive vice president and regional senior credit officer, responsible for the credit quality of $80 billion in loan commitments throughout the central and western regions of the United States.
During a successful 28-year banking career there, he held credit and lending responsibilities in a wide array of industries, including commercial, industrial, real estate, healthcare and entertainment.
Randall began his banking career in 1989. For 10 years, he worked in Wells Fargo’s Southern California middle-market banking business, first as a client relationship manager in Irvine and Long Beach and then as a credit officer.
A graduate of the University of Illinois, he also holds a master’s degree in business administration from San Diego State University.
For an image of Randall, go to: https://www.cnb.com/PublishingImages/John-Randall.jpg
About City National
With $45.0 billion in assets, City National Bank provides banking, investment and trust services through 72 offices, including 17 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta and Minneapolis. In addition, the company and its investment affiliates manage or administer $58.5 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 35 other countries, including RBC Wealth Management in the U.S., with more than $300 billion in assets and 1,800 financial advisors in 41 states.
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