LOS ANGELES, July 03, 2019 (GLOBE NEWSWIRE) -- City National Bank, America’s Premier Private and Business Bank®, today announced that Marcelo Brutti has joined the company as executive vice president and chief risk officer. Brutti will report to City National’s Chief Executive Officer Kelly Coffey and David Downie, RBC’s Chief Risk Officer for the United States. He also will serve on the bank’s Executive Committee.
Brutti will design, implement and lead the bank’s risk management and compliance programs, which support business growth strategies, protect the institution, and meet market and U.S. regulatory requirements.
“Marcelo has a strong track record of leadership and success,” said Coffey. “He is a seasoned risk management officer with more than two decades of broad financial services experience. Marcelo will be responsible for assessing the company’s risks and the controls we have in place to mitigate them, which is central to our effectiveness and performance.”
“We are pleased to welcome Marcelo to RBC and City National,” said Downie. “His leadership and deep industry expertise will add to the bench strength of our team as we continue to build on the success of our U.S. platform across City National, Capital Markets and Wealth Management and deliver on our goal of being the preferred partner to corporate, institutional and high-net-worth clients and their businesses in the U.S.”
Prior to joining City National, Brutti served as chief risk officer at Hyundai Capital America. He has also had roles at Santander Bank, TD Bank and Wells Fargo, where he held credit administration and risk management positions in a number of locations, including his country of birth, Argentina.
Brutti graduated from Washington College in Maryland with a double major in business management and economics, and he received an MBA from Florida Atlantic University. He also holds a risk management and strategic decision certification from Stanford University.
Brutti is an active member of the community and sits on the board of the Central Orange Coast Boys & Girls Club. He is also an adjunct professor and advisory council member for ERM Data and Analytics through George Mason University’s chief risk officer certification program.
For an image of Brutti, go to: https://www.cnb.com/content/dam/media_newsroom/images/Marcelo-Brutti.jpg
About City National Bank
With $53.6 billion in assets, City National Bank provides banking, investment and trust services through 70 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis and Washington, D.C. In addition, the company and its investment affiliates manage or administer $75.1 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 34 other countries.
For more information about City National, visit the company’s website at cnb.com.
Media Contact:
Debora Vrana, City National Bank, 213-673-7631
Debora.Vrana@cnb.com