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TheStreet Open House

City National's CEO Presents At UBS Financial Services Conference (Transcript)

Stocks in this article: CYN

Call End:

City National Corporation (CYN)

2012 UBS Financial Services Conference

May 8, 2012 11:20 am ET

Executives



Christopher Carey – Chief Financial Officer



Analysts

Stephen Scinicariello – UBS Securities

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Name - Company

Name - Company

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Presentation



Stephen Scinicariello

Alright, good morning everyone. I’m Steve Scinicariello, I cover the midcap regional banks here at UBS and we’re very excited to welcome City National, one of the premier business and private banks in the country with one of the strongest core deposit franchises. City National has a long track record of consistent and strong performance, and the wealth management franchise now totals around $60 billion of assets under administration. Excess capital continues to be deployed accretively to expand into attractive markets in addition to California such as Atlanta and here in New York City, and to add on to specialty areas such as equipment finance and investment management.

With us today is Executive Vice President and CFO Chris Carey who will bring us up to date on all of the positive trends going on at City National. Chris?

Christopher Carey

Well, good morning everybody; Steve, thank you very much. It’s great to be here in New York. Any Knicks fans here? I saw the Knicks won their first playoff game in 11 years – it doesn’t look like we have that many Knick fans here anyway. I didn’t realize it took that long. I’m out in Los Angeles where the basketball teams are playing a little better these days.

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