City National Bank has shuffled its top leadership team, recruiting banking veteran Howard Hammond as CEO while Kelly Coffey shifts to a new role as CEO of City National Entertainment.
The transition, effective Nov. 27, was prompted in part by City National’s desire to focus more deeply on its entertainment client base across TV, film, music, theater, touring and related sectors. Coffey, who is based in Beverly Hills, has served as City National CEO since 2019, having joined the company from JPMorgan’s private wealth management division.
“For me, banking has always been about clients — the people, businesses and nonprofit organizations we support,” Coffey said. “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 executive VP of entertainment banking, continues to report to Kelly. Martha Henderson, another CNB veteran, remains vice chairman of entertainment banking.
Hammond joins CNB from Fifth Third Bancorp, where he was most recently executive VP and head of consumer banking. He reports to Greg Carmichael, City National Bank executive 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 said. “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 will also join CNB’s board of directors and sit on the executive committee of RBC’s U.S. holding company.
“City National has an incredible reputation for putting its clients, colleagues and communities first,” said 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 at the Tony Awards in 2022)