SAN DIEGO, Dec. 17, 2009 (GLOBE NEWSWIRE) -- City National Bank announced today it had hired private banking and wealth management veterans Russel J. Upton and Rob Pitois in its Private Client Services Group in San Diego. Upton will serve as a senior vice president and a senior private client advisor, Private Client Services and Pitois will serve as a vice president and private client advisor.
(For an image of Rob Pitois go to: http://www.cnb.com/Images/photos/rob-pitois.jpg)
(For an image of Russel Upton go to: http://www.cnb.com/Images/photos/russel-upton.jpg)
In their new capacity, Upton and Pitois will focus on delivering comprehensive wealth management and banking solutions for high net worth families, select non-profits and professional services firms.
Upton and Pitois report to Carla Furuno, senior vice president and manager of City National Bank's Southern Region Private Client Services Division. Michael Pagano is executive vice president and manager of City National's Private Client Services Division.
"We are delighted to have seasoned professionals such as Russel and Rob join our San Diego team, adding 30 years of experience to our group of outstanding advisors who serve that important market," said Furuno. "I'm pleased that we are continuing to grow our presence in San Diego, where we've helped serve clients for more than 30 years."
Upton and Pitois most recently served with U.S. Trust, Bank of America, Private Wealth Management in San Diego. Upton joined U.S. Trust in March of 2007 and was a senior vice president. He had previously worked with Merrill Lynch in San Diego and Los Angeles. Upton has also worked in the entertainment industry, serving as manager in finance for New Regency Productions and a senior accountant for Morgan Creek Productions in Burbank.
Pitois previously served with U.S. Trust since June 2007 and was a vice president and private client manager. Previously, he had worked as a commercial banker for Citibank (Smith Barney) in Laguna Niguel and as a financial advisor with Merrill Lynch in San Diego.
Pitois is a graduate of San Diego State University. Upton graduated from California State University, Northridge, where he also received his MBA.
"I was very impressed with the ability of City National Bank to tailor fit wealth management solutions directly to the clients' needs," said Upton. "This bank has a culture of service and strives to be a collaborative partner."
"City National has it all - this is a safe and sound bank with a boutique, nimble feel but all the capabilities of a large institution," said Pitois.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $18.4 billion in total assets, and provides banking, investment and trust services through 64 offices, including 16 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 $53.4 billion in client investment assets, including nearly $35 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
City National Bank Media Contact: Debora Vrana 213.673.7631