City National Bank announced today it had hired Matthew Benson in its Private Client Services Group in Los Angeles. Benson will serve as a vice president focusing on high net worth clients, primarily in downtown Los Angeles and the San Gabriel Valley.
In his new capacity, Benson will oversee client service and retention, business development and investment management for the bank’s high net worth clients. Benson reports to Scott Witter, senior vice president and manager of City National’s Private Client Services Division in Los Angeles.
“As a Certified Financial Planner with significant investments and trust experience, Matt will be a great addition to our team. His background will allow him to engage the high net worth clients that City National is known to attract,” said Witter.
Benson most recently served with U.S. Trust-Bank of America, Private Wealth Management in Pasadena. Benson joined U.S. Trust in 2006. He had previously worked with Wells Fargo Private Bank in Beverly Hills as part of a specialized sales team developing wealth plans for individuals and families.
Benson is a graduate of the University of California, Santa Barbara. He is a Certified Financial Planner.
“The client-centered culture at City National Bank has always been impressive. The firm continues to deliver a superior client experience through tailored solutions and personal relationships, so clients continue to reward City National Bank with unmatched loyalty. That is exciting,” said Benson.
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