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As chairman and chief executive officer of City National Bank, Russell Goldsmith leads America's 26th largest commercial bank with $32.7 billion in total assets. Additionally, he serves as chairman and chief executive officer of its publicly held parent company, City National Corporation, which is listed on the New York Stock Exchange (CYN) and headquartered in Los Angeles, California. He has been a director of both the bank and its parent company since 1978.
Since Mr. Goldsmith became CEO in October 1995, City National's assets have increased more than 900 percent. Today, it has 75 banking offices in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. Additionally, the company and its investment affiliates manage or administer $62.0 billion in client investment assets, including $48.4 billion under direct management.
In 2013, Mr. Goldsmith was named "Business Person of the Year" by the Los Angeles Business Journal, which cited not only his leadership of City National Bank but also his role as an advocate for economic growth and job creation.
From 2008 through 2011, he was a member of the Federal Reserve Board's 12-member Federal Advisory Council, representing the Twelfth Federal Reserve District and serving as its vice president for two years.
Mr. Goldsmith is the founding chairman and a current member of the Mid-Size Bank Coalition of America, which is composed of 44 mid-sized banks in 43 states, the District of Columbia and three U.S. territories.
He also chairs the Los Angeles Coalition for the Economy & Jobs, an independent organization of leading economic stakeholders representing business, labor, higher education and the nonprofit sectors. He previously served as chairman of the Los Angeles Economy & Jobs Committee, which was formed by former Los Angeles Mayor Antonio Villaraigosa.
Mr. Goldsmith serves on the board of directors of Cedars-Sinai and is a member of the Council on Foreign Relations. He also was a trustee of the Harvard Westlake School for 17 years.
From 1986 until its sale in 1994, Mr. Goldsmith was chairman of the board and chief executive officer of publicly held Republic Pictures Corporation, a leading global independent entertainment production and distribution company. He also was vice chairman of the San Diego Padres Baseball Club from 1990 to 1994. He previously served as chief operating officer and a director of Lorimar, Inc., a public entertainment company, from 1983 through 1985.
Mr. Goldsmith began his professional career as an attorney.
He is a graduate of Harvard College and Harvard Law School.