LOS ANGELES, Sept. 9, 2008 (GLOBE NEWSWIRE) -- City National Bank, California's Premier Private and Business Bank(r), has appointed Robert D. (Bo) Willis as senior vice president and manager, Interest Rate Risk Management for the bank's Specialty Banking division. He will be based in Los Angeles.
(For an image of Willis, go to http://www.cnb.com/images/photos/Bo_Willis.jpg.)
Willis is responsible for new business development, marketing and sales of interest rate risk management products to middle-market companies seeking to manage interest rate exposures on their debt. He reports to Steven Glynn, senior vice president and manager, Foreign Exchange and Interest Rate Risk.
"Bo is a great addition to the City National team," said Glynn. "His in-depth technical expertise and extensive marketing experience will help us tailor our products and services to meet the evolving needs of our clients while allowing us to expand our competitive position in key markets."
Willis most recently served as a vice president in Bank of the West's capital markets division, where he marketed its interest rate risk management products.
He began his banking career at Bank of America in 1997 as a relationship manager in its commercial banking group in St. Louis, Missouri. He then joined the bank's Global Derivative Products division where, as a vice president, he was responsible for product sales and marketing in Northern California and the Pacific Northwest. He also oversaw similar efforts targeting more broadly middle-market companies in the Western U.S.
Willis earned a bachelor's degree in communications from Southern Methodist University in Dallas, Texas, and an M.B.A. degree from Saint Louis University.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $16.3 billion in total assets, and provides banking, investment and trust services through 62 offices, including 15 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. The company and its eight majority-owned investment affiliates manage or administer $53.5 billion in client investment assets, including nearly $34 billion under direct management.
For more information about City National, visit the company's Website at cnb.com.
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