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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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.
Okay, I guess we should get to City National and talk about what’s going on there. We think we have a really good story that is still not quite recognized, so I’ll flip to our first slide. This is just some highlights on our company – the 26
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