City National Bank brings on new CEO, Kelly Coffey, to lead entertainment

City National Bank has reshuffled its senior management team, recruiting banking veteran Howard Hammond as CEO, while Kelly Coffey moves to a new role as CEO of City National Entertainment.

The transition, which takes effect on November 27, was prompted in part by City National’s desire to focus more deeply on its entertainment client base across television, film, music, theatre, 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.

“To me, banking has always been about customers — the people, businesses and nonprofits 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 refine our services to meet the evolving needs of our clients. I am excited about the opportunity to work closer together with customers and help City National serve them even better.”

JaHan Wang, City National’s managing director of entertainment banking, will continue to report to Kelly. Martha Henderson, another CNB veteran, remains vice president 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, executive chairman of City National Bank.

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

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Hammond will also join CNB’s board of directors and sit on the executive board of RBC’s US holding company.

“City National has an incredible reputation for putting its customers, colleagues and community first,” Hammond said. “I look forward to working closely with Greg, Kelly and the rest of the leadership team to build on City National’s strength and lead the company into the future.”

(Pictured: Kelly Coffey at the 2022 Tony Awards)