City National Bank announced that John R. Randall has joined the company as its chief credit officer and a member of its Executive Committee. He is based at City National Plaza, the company’s headquarters in downtown Los Angeles, and reports to Russell Goldsmith, chairman and chief executive officer of City National and chairman of RBC Wealth Management-U.S.
Randall will take responsibility for City National’s credit management, and he will play a critical role in the company’s growth going forward. In addition to leading a robust and responsive team of more than 75 colleagues, he will implement a credit risk strategy aimed at facilitating growth and upholding the quality of the company’s $28 billion loan portfolio.
“John is a seasoned leader who will reinforce City National’s prudent credit culture and focus on funding appropriate credit solutions,” Goldsmith said. “He brings to our company not only superior credit management expertise, but also strong experience as a middle-market lender in California and the West and a deep understanding of the communities we serve. His background and leadership skills are particularly well suited to City National’s strong credit culture and growth plans.”
Randall comes to City National from Wells Fargo, where he was most recently executive vice president and regional senior credit officer, responsible for the credit quality of $80 billion in loan commitments throughout the central and western regions of the United States.
During a successful 28-year banking career there, he held credit and lending responsibilities in a wide array of industries, including commercial, industrial, real estate, healthcare and entertainment.
Randall began his banking career in 1989. For 10 years, he worked in Wells Fargo’s Southern California middle-market banking business, first as a client relationship manager in Irvine and Long Beach and then as a credit officer. A graduate of the University of Illinois, he also holds a master’s degree in business administration from San Diego State University.