City National Bank, a subsidiary of Royal Bank of Canada, appointed Howard Hammond to the role of CEO and Kelly Coffey to the role of CEO for City National Entertainment. Both appointments will take effect on Nov. 27.
Hammond will join City National Bank with more than 30 years of financial services experience, including 15 years in leadership positions at Fifth Third Bank. Most recently, he served as Fifth Third’s executive vice president and head of consumer banking, leading the division’s performance, objectives, products, operations and strategies, as well as more than 8,000 employees and more than 1,000 financial centers. Hammond’s previous roles at Fifth Third included head of retail banking and brokerage and president and CEO of Fifth Third Securities, where he helped grow assets under management by $8.5 billion.
In his role at City National, Hammond will lead the bank’s 6,600 colleagues and join the board of directors and the executive committee of Royal Bank of Canada’s U.S. intermediate holding company. Hammond will relocate to Los Angeles and report to Greg Carmichael, executive chair of City National.
“City National has an incredible reputation for putting its clients, colleagues and communities first,” Hammond said. “I look forward to working closely with Greg, Kelly and the rest of the leadership team to build on the strength of City National and lead the business into the future.”
“Howard brings exceptionally strong experience to City National,” Carmichael said. “His work at Fifth Third reflects operational excellence, strong risk management and the ability to transform an organization for the future. He is the ideal leader to take City National to its next stage and prepare the bank for future success.”
Coffey will assume the newly created role of CEO of City National Entertainment and leverage her experience and relationships to bring City National and Royal Bank of Canada’s expertise to the bank’s entertainment clients. JaHan Wang, executive vice president of entertainment banking at City National, will report to Coffey. Martha Henderson will remain in her role as vice chairman of entertainment banking.
“For me, banking has always been about clients — the people, businesses and nonprofit organizations we support,” Coffey said. “The entertainment industry is incredibly dynamic, and City National’s role in supporting this community is more important than ever as we remain at the forefront of industry developments and hone our services to meet the evolving needs of our clients. I’m excited about the opportunity to work more closely with clients and help City National serve them even better.”
“Kelly has had a tremendous impact on City National over the last five years,” Carmichael said. “Her client focus has ensured that client-centricity has remained a hallmark of the bank’s culture and that it remains a differentiator for the bank. Her new role will build on City National’s 70-year legacy of supporting the entertainment community and allow her to focus her significant talents on helping our entertainment clients thrive.”
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