As president of City National Bank, Richard A. Raffetto is responsible for national corporate banking, specialty banking and commercial banking, as well as entertainment, treasury services, real estate and branch banking activities.
City National has $83 billion in total assets and 74 offices in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis, Washington, D.C. and Miami.
Rich is a member of City National’s board of directors as well as the company’s Strategy and Planning Committee and Executive Committee. He reports to Chief Executive Officer Kelly Coffey.
Before joining City National, Rich held various leadership roles during his 13 years with U.S. Bank’s Corporate & Commercial Banking group. He most recently served as executive vice president and head of the Industrials & Services, Financial Institutions and Public Sector specialized banking units on a nationwide basis, including teams in Los Angeles and San Francisco. In this capacity, he spearheaded the delivery of broad product capabilities, including credit, capital markets, derivatives, cash management, commercial payments, asset management, trade finance, brokerage, and custody/trust services. He has led and managed large credit portfolios associated with a variety of client types, including corporations, financial institutions, governmental entities and nonprofits. Prior to U.S. Bank, Rich served in a variety of commercial and corporate banking leadership roles at BNY Mellon, where he worked for 14 years.
Rich graduated from the University of Pennsylvania’s Wharton School with a degree in economics and finance. He also earned a master’s degree in business administration from New York University’s Stern School of Business. He holds FINRA Series 7, 63 and 24 designations.
Active in the community, Rich serves on the board of the Los Angeles Philharmonic and the Peoples’ Symphony Concerts, a New York City nonprofit. He has also served as a member of the YMCA of Greater New York’s volunteer development committee.