October 24, 2018 / 1:51 PM / a month ago

City National Bank names JPMorgan's Kelly Coffey as CEO

Oct 24 (Reuters) - City National Bank on Wednesday appointed Kelly Coffey, the head of JPMorgan’s U.S. private bank business, as its new chief executive officer, succeeding Russell Goldsmith.

Coffey, named as one the most powerful women in finance by the American Banker magazine this year, will start in her new role from Feb. 1.

Coffey, who led JPMorgan’s U.S. private bank business since 2015, will be City National’s fourth CEO in its 65-year history.

The Financial Times reported the move earlier on Tuesday.

Goldsmith, who has held the role of CEO and chairman for 23 years at City National, will continue as chairman, the unit of Royal Bank of Canada said. (Reporting by Mary Ann Alapatt in Bengaluru; Editing by Maju Samuel)

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