City National Bank has shuffled its high management workforce, recruiting banking veteran Howard Hammond as CEO whereas Kelly Coffey shifts to a brand new function as CEO of City National Entertainment.

The transition, efficient Nov. 27, was prompted partially by City National’s want to focus extra deeply on its leisure consumer base throughout TV, movie, music, theater, touring and associated sectors. Coffey, who is predicated in Beverly Hills, has served as City National CEO since 2019, having joined the corporate from JPMorgan’s personal wealth administration division.

“For me, banking has always been about clients — the people, businesses and nonprofit organizations we support,” Coffey mentioned. “The entertainment industry is incredibly dynamic, and City National’s role in supporting this community is more important than ever as we remain at the forefront of industry developments and hone our services to meet the evolving needs of our clients. I’m excited about the opportunity to work more closely with clients and help City National serve them even better.”

JaHan Wang, City National’s govt VP of leisure banking, continues to report back to Kelly. Martha Henderson, one other CNB veteran, stays vice chairman of leisure banking.

Hammond joins CNB from Fifth Third Bancorp, the place he was most lately govt VP and head of shopper banking. He studies to Greg Carmichael, City National Bank govt chair.

“Kelly has had a tremendous impact on City National over the last five years. Her client focus has ensured that client-centricity has remained a hallmark of the bank’s culture and that it remains a differentiator for the bank,” Carmichael mentioned. “Her new role will build on City National’s 70-year legacy of supporting the entertainment community and allow her to focus her significant talents on helping our entertainment clients thrive.”

Hammond may even be a part of CNB’s board of administrators and sit on the manager committee of RBC’s U.S. holding firm.

“City National has an incredible reputation for putting its clients, colleagues and communities first,” mentioned Hammond. “I look forward to working closely with Greg, Kelly and the rest of the leadership team to build on the strength of City National and lead the business into the future.”

(Pictured: Kelly Coffey on the Tony Awards in 2022)