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As chairman and chief executive officer of City National Bank, Russell Goldsmith leads a financial institution of $15.8 billion in total assets. Additionally, he serves as president and chief executive officer of its publicly held parent company, City National Corporation, which is listed on the New York Stock Exchange (CYN). 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 about 300 percent, its earnings have grown nearly 400 percent, and its total shareholder return has grown at a compound annual rate of 20 percent. During this period, the bank has made 12 acquisitions. It now has 62 banking offices, including 15 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. Additionally, the company and its nine majority-owned investment affiliates manage or administer more than $57 billion in client assets, including $35.9 billion under direct management.
In 2002, in its annual survey of CEO pay and performance, Forbes magazine ranked Mr. Goldsmith among the 10 best chief executive officers in America.
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, practicing at Irell & Manella. He later founded his own firm, Sanders, Barnet & Goldsmith, where he specialized in entertainment law.
He is a graduate of Harvard College and Harvard Law School.
Mr. Goldsmith is active in civic affairs. He chairs the Los Angeles Economy & Jobs Committee. He serves on the board of governors of The Pardee RAND Graduate School and the board of trustees of the Harvard-Westlake School. He also is a member of the Council on Foreign Relations, the California Commission for Jobs and Economic Growth and the Civic Alliance. He was a director of the Los Angeles Branch Board of the Federal Reserve Bank of San Francisco for six years until the end of 2004.
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