NEW YORK, Oct. 6, 2011 (GLOBE NEWSWIRE) -- City National Bank has hired Scott Walker and Scott Thomas as senior vice presidents for Private Client Services in New York.
(For an image of Thomas go to: http://www.cnb.com/images/photos/scott-thomas.jpg )
(For an image of Walker go to: http://www.cnb.com/images/photos/scott-walker.jpg )
Walker and Thomas are responsible for meeting all the financial needs of high-net-worth and ultra-high-net-worth clients in New York City. They are both based in New York and report to Robin Balding, senior vice president and team manager, Private Client Services.
"Both of these colleagues are outstanding additions to City National's private banking team," said Balding. "This expansion is a clear sign that City National will continue to grow its business in New York and gain new clients who are attracted to the high level of personal service and range of sophisticated products at City National."
As part of a series of recent hires in New York, they join Andrea Scalisi, who has more than 25 years of experience in the financial services industry.
City National opened its first New York office in December 2002, and since then the loans and deposits at this Park Avenue location have grown to more than $1 billion. City National, which opened a second New York office this year, offers a broad range of private and business banking and wealth management services to its clients, including those in the entertainment industry and in law firms, accounting firms and business management firms that conduct business in New York, as well as on both coasts.
Before joining City National, Thomas worked for three years with Wells Fargo Wealth Management in New York as a private banker and senior vice president offering sophisticated investment strategies and credit solutions to high-net-worth individuals and affluent families. Before that, for seven years he was with Wachovia Private Advisory Group as a relationship manager acquiring and developing both the business and personal banking relationships within New York City. He also worked as a senior financial specialist at First Union National Bank in Wayne, New Jersey. He is a graduate of Ramapo College in New Jersey.
Walker was formerly a private banker and vice president with Wells Fargo Private bank in New York for three years where he was responsible for providing solutions to high-net-worth and ultra-high-net-worth clients. Before that he was with Wachovia Wealth Management and Private Advisory Group in New York for nearly five years. He also worked at Citibank and started his career with Morgan Stanley. He has a bachelor's of science degree from Towson University in Maryland.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $22.5 billion in total assets, and provides banking, investment and trust services through 79 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City and Nashville, Tenn. The company and its investment affiliates manage or administer $58.5 billion in client investment assets, including more than $36 billion under direct management.
For more information about City National, visit the company's Website at cnb.com.
The City National Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3143