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Another Private Client Hire At California-Based City National Bank

Eliane Chavagnon

22 October 2014

California-based City National Bank has appointed J Peter Barbara to lead private client services in downtown Los Angeles, Pasadena, San Gabriel Valley and the South Bay.

Barbara is a senior vice president and manager with more than 25 years of wealth management experience. He was most recently a wealth advisor at Wells Fargo Private Bank in Manhattan Beach, and before that a director for the high net worth group at Citi Private Bank in Los Angeles.

At City National Bank, Barbara will lead a group of private bankers and advisors providing advice and services in investment management, customized credit, depository and cash management, estate planning, trust and wealth transfer management, and retirement planning for HNW families, professional services firms and non-profit organizations.

City National and its investment affiliates manage or administer $65.8 billion in client investment assets, including $47.1 billion under direct management.

Last month, the firm brought in two advisors to grow the bank’s presence in Palo Alto. City National’s Palo Alto office now has 16 colleagues, double the amount from a year ago, it said.