ROCKVILLE, MD and LOS ANGELES, CA – Convergent Wealth Advisors, a subsidiary of City National Corporation (NYSE:CYN), today announced that Donald Berghoff has joined Convergent as a Managing Director in its Los Angeles office. Mr. Berghoff, an industry veteran with nearly twenty five years of experience in the private banking industry, was most recently the President of Family Advisory Services at Northern Trust Bank, a business focused on the ultra-affluent market in Southern California.

“We are very pleased to welcome Don to the Convergent team,” said Steve Lockshin, Chairman and CEO of Convergent Wealth Advisors. “Don brings with him tremendous industry knowledge and we are confident that he will play a critical role as we expand our presence in Los Angeles.”

“By adding Convergent Wealth Advisors one year ago to our well-established team of investment professionals and firms, City National significantly expanded the investment solutions and service capabilities we can provide to our clients at all levels of wealth,” said Russell Goldsmith, President and Chief Executive Officer of City National Corporation. “With Don Berghoff now joining the leadership of its new Los Angeles office, Convergent's growing presence, outreach and capabilities here in California are enhanced meaningfully.”

“I am excited to be joining such a dynamic and growing company,” said Don Berghoff. “The combination of City National's brand recognition and Convergent's expertise is very powerful. As a result, I believe that Convergent has a tremendous opportunity for growth in Los Angeles and I look forward to helping lead that effort.”

Mr. Berghoff was with Northern Trust since 1998. He started his career at Northern Trust as a Managing Director responsible for the Westwood office and by 2000 was Region President, responsible for the delivery of Private Banking services (banking, trust administration and investments) for the Westwood, Los Angeles and Desert Communities offices. Prior to joining Northern Trust, Mr. Berghoff was Senior Vice President and Manager of Bank of America's Private Bank and responsible for their operations in five offices.

Mr. Berghoff serves on the Board of Governors of the Jewish Home of the Aging and is a board member of Beit T'Shuvah (an addiction recovery program supported by the Jewish Federation.) He also serves on the board of the Geffen Playhouse in Los Angeles and as co-chair of the Acquisitions Committee for the American Friends of the Israel Museum with his wife Vicki.


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 has offices in Rockville, MD, New York, Philadelphia, Atlanta, Seattle, Portland, OR, Chicago and Los Angeles. Convergent is a subsidiary of Convergent Capital Management and its parent company City National Corporation.


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 nine majority-owned investment affiliates manage or administer $59 billion in client assets, including $37.8 billion under direct management.

Media Contact:
Laura Smith