Russell Goldsmith is a leader in the business and philanthropic communities in Los Angeles and a champion of entrepreneurism and innovation as a means of creating jobs and a vital economy.
As Chairman and Chief Executive Officer of City National Bank, Mr. Goldsmith leads a financial institution of nearly $25 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) and headquartered in Los Angeles. He has been a director of both the bank and its parent company since 1978.
Since Mr. Goldsmith became Chief Executive Officer in October 1995, City National’s assets have increased more than 700 percent. Today it has 78 banking offices in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, and Atlanta. Additionally, the company and its consolidated affiliates manage or administer $58 billion in client investment assets, including $32.1 billion under direct management.
From 2008 through 2011, Mr. Goldsmith was a member of the Federal Reserve Board’s 12-member Federal Advisory Council, representing the Twelfth Federal Reserve District. He chairs the Mid-Size Bank Coalition of America, which is composed of 29 mid-sized banks in 41 states, the District of Columbia and three U.S. territories.
Mr. Goldsmith also chairs the Los Angeles Coalition for the Economy & Jobs, an independent organization of leading economic stakeholders representing business, labor, higher education and the nonprofit sectors. He previously served as Chairman of the Los Angeles Economy & Jobs Committee, which was formed by Los Angeles Mayor Antonio Villaraigosa.
Mr. Goldsmith serves on the Board of Directors of Wynn Resorts, Ltd. and the Board of Trustees of the Harvard-Westlake School.
From 1986 until its sale in 1994, Mr. Goldsmith was a 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 1990-1994.
Mr. Goldsmith began his professional career as an attorney, practicing at Irell & Manella, and later co-founded his own law firm, Sanders, Barnet & Goldsmith.
He is a graduate of Harvard College and Harvard Law School.
Hall of Fame
Los Angeles Business Journal, 2013