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As chairman and chief executive officer of City National Bank, Russell Goldsmith leads America’s 26th largest commercial bank with $35.6 billion in total assets. He has been a director of the Los Angeles-based bank since 1978.
Since Mr. Goldsmith became City National’s CEO in October 1995, the company’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 $59.4 billion in client investment assets, including $46.3 billion under direct management.
On November 2, 2015, City National merged with Royal Bank of Canada (RBC), and Mr. Goldsmith will continue as Chairman and CEO of City National Bank, and has also taken responsibility for RBC U.S. Wealth 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 chairs the Los Angeles Coalition for the Economy & Jobs, an independent organization of Southern California’s leading economic stakeholders representing business, labor, higher education and the nonprofit sectors. From 2006 to 2008, he served as chairman of the Los Angeles Economy & Jobs Committee, which was formed by former Los Angeles Mayor Antonio Villaraigosa.
From 2010 to 2015, Mr. Goldsmith was the founding chairman of the Mid-Size Bank Coalition of America, which is composed of 52 mid-sized banks in the United States.
Mr. Goldsmith serves on the board of directors of Cedars-Sinai Hospital in Los Angeles and is a member of the Council on Foreign Relations.
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 was also 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 to1985.
Mr. Goldsmith began his professional career as an attorney. He is a graduate of Harvard College and Harvard Law School.