LOS ANGELES & NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) — City National Bank today announced that Martha Henderson, longtime executive vice president of Entertainment Banking, will take on the newly created position of entertainment banking vice chair. . Jahan Wang, formerly head of Entertainment Banking East Coast, was named Executive Vice President of Entertainment Banking.
As Vice Chairman, Henderson will continue to play an important role in Entertainment Banking, especially in the organization’s customer relationship and strategy development.
When she joined City National, Henderson was one of only 16 colleagues on the fledgling Entertainment Banking team. She became head of the business in 1989. Under her leadership, City National’s team of 250 colleagues currently provides financial advice to more than 90% of entertainment business managers, more than half of all Broadway shows, and more than 80% of country music. industry in Nashville, as well as some of the biggest names in the sports and Latino entertainment industry. She led the strategic expansion of Entertainment Banking in New York, as well as the opening of the bank’s first offices in Atlanta and Music Row in Nashville in 2011 and most recently in Miami in 2019. State of Florida as CN Bank.)
“City National has a long and rich history of supporting the entertainment industry since our founding in 1954,” said Kelly Coffey, CEO of City National. “I want to congratulate Martha on her new role and I am grateful that we will continue to benefit from her vast experience as she works closely with Jahan in her new role as Vice Chair. We are grateful to Marta for her decades of leadership and the indelible mark she has left on our organization.”
The media has repeatedly recognized Henderson as one of the most powerful executives in Hollywood. Barron called her the “Greta Garbo of private banking”. As a result of her leadership during the pandemic, The Wrap named her one of the “women who saved Hollywood” in 2020.
Henderson’s legacy extends beyond City National. She is also a longtime supporter of Project Angel Food where she is a member of the Circle of Angels. She serves on the boards of the Friends of the Saban Community Clinic and the Geffen Theatre, of which she previously served as co-chair, and volunteers for the Big Brothers and Sisters of Greater Los Angeles.
“I also want to congratulate Jahan, who is incredibly customer oriented and has been an integral part of our Entertainment Banking organization since he joined us in 2007,” Coffey said. “He is an outstanding leader who is a great example of the entrepreneurial spirit that defines our culture. His contributions and vision have helped us keep pace with a vibrant and dynamic entertainment community whose needs are constantly changing.”
Wang has been with City National for 16 years and since May 2021 has been head of Entertainment Banking on the East Coast. He has over 30 years of banking experience and since joining the team has held a number of increasingly senior roles within Entertainment Banking. as Vice President and Senior Loan Officer. Prior to joining City National, Wang worked as a Public Relations Manager for Citibank, a national corporate bank. He began his career with JPMorgan’s Medium Corporate Banking division as a public relations banker.
Wang has been named to the 2022 Alumni List by Leadership Music, a carefully selected nationwide non-profit educational program and forum for recognized leaders in the music industry. Active in the community, he has volunteered with the New York Cares since 2017, supporting numerous charities in and around New York City, and as of 2020 has served as a mentor for the Big Brothers Big Sisters of Greater Los Angeles. Wang has also been a member of the Central Park Conservancy’s Council of Business Leaders since 2022.
Wang has joined the bank’s executive board and reports directly to Rich Raffetto, president of City National.
For a photo of Henderson, please click here.
For a photo of Wang, please click here.
About City National
With $95.3 billion in assets, City National Bank provides banking, investment and trust services through 67 branches, including 22 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York, Nashville, Atlanta, Washington. D.C. and Miami.* In addition, the company and its investment affiliates manage $83.6 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of the world’s leading diversified financial services companies. RBC serves more than 17 million private, business, government and institutional clients through offices in Canada, the US and 27 other countries.
For more information about City National, visit the company’s website at cnb.com.
*City National Bank operates in Miami and Florida as CN Bank.
Tom Doelp, [email protected]