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Executive Committee
for City National Corporation (ticker symbol: CYN)
T. Richard Shier
Executive Vice President
Banking & Investment Services
City National Bank
Richard Shier is executive vice president and director of City National Bank’s Banking & Investment Services. He also serves as a member of the bank’s Executive Committee.
Mr. Shier’s team develops and manages deposit, online, card, international, wealth management, loan (business, mortgage, equity, etc.) and other products, in addition to directing much of the corporation’s operations processing, client and wealth management support services. He oversees the Central Operations, Deposit Services, Payment Services, Brokerage and Trust Services, Operations Risk Management, International Services, Nevada Operations and Internal Communications Services departments as well as the bank’s “Know Your Client” and anti-money laundering support processes.
Mr. Shier and his team develop and provide services to all of City National’s clients and business lines in California, Nevada and New York. His leadership team has strengthened the bank’s product base, supporting revenue growth and new revenue streams, as well as improvements in client servicing. They have continued to centralize, automate or eliminate processes every year, totaling more than 90 during his tenure. Their efforts to introduce highly competitive product offerings and streamline services have dramatically strengthened City National’s productivity, generating earnings via fee revenue growth and saving the bank millions of dollars in ongoing costs.
Before joining City National in 1998, Mr. Shier led senior management teams at Home Savings and First Interstate Bank. Previously, he worked at consulting firms and technology service companies during his 29-year career.
Mr. Shier is the board chairman of the Western Payments Alliance, one of the nation’s largest regional payments associations, and is on the board of The Clearing House Payments Company, the leading private-sector payment system infrastructure for clearing and settling U.S. dollar payments.
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