WASHINGTON and LOS ANGELES, July 17, 2008 (PRIME NEWSWIRE) - Convergent Wealth Advisors, a subsidiary of City National Corporation (NYSE:CYN), today announced that Duncan Rolph has joined Convergent as a Managing Director in its Los Angeles office. Mr. Rolph was most recently with Bel Air Investment Advisors where he worked with high net worth individuals, families and foundations.
"We are very pleased to have Duncan joining our team in Los Angeles," said Steve Lockshin, Chairman and CEO of Convergent Wealth Advisors. "California represents an important market for Convergent, with tremendous growth potential. We are confident that Duncan will play an important role in helping lead our expansion efforts here."
"I am very excited about the opportunities that lie ahead for Convergent," said Duncan Rolph, Managing Director of Convergent Wealth Advisors. "With its institutional caliber investment platform, Convergent is uniquely positioned to bring endowment-like investment solutions and service capabilities to the ultra-affluent marketplace on the West Coast."
Mr. Rolph joined Bel Air Investment Advisors in 2004 and was responsible for advising both individual high net worth clients and foundations. He was also responsible for developing new business. Previously, Mr. Rolph co-founded Dealersource, Inc., a venture-capital-funded software company that was later sold to Imaging Portals.
Mr. Rolph received his Bachelor of Arts degree from Northwestern University and his Masters in Business Administration from the University of Chicago. In addition, Mr. Rolph holds the NASD Series 7 and 63 licenses. He is an active member of the Los Angeles community, working with the Children's Bureau and sitting on the Advisory Board of the Milken Institute Young Leaders Circle.
ABOUT CONVERGENT WEALTH ADVISORS
Convergent Wealth Advisors is an industry leader in wealth management, advising on nearly $9 billion in assets. Convergent provides investment consulting services and wealth management solutions tailored specifically to the ultra-affluent marketplace, including advice on concentrated stock strategies, alternative investments, collateralized lending, specialty financings, and insurance and estate planning. Convergent works primarily with individuals and families with investable assets in excess of $10 million and is headquartered in Washington, DC with offices in New York, Philadelphia, Atlanta, Seattle, Portland (Oregon), Chicago and Los Angeles. Convergent is a subsidiary of Convergent Capital Management and its parent company City National Corporation.
ABOUT CITY NATIONAL
City National Corporation's wholly-owned subsidiary, City National Bank, provides banking, investment and trust services through 62 offices, including 15 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 $59 billion in client assets, including $37.8 billion under direct management.
CONTACT: Convergent Wealth Advisors