#United States #Los Angeles #Wealth Management #City National Bank #Private Bank

City National Bank Appoints Two New Leaders to Enhance Wealth Management

City National Bank has unveiled the appointment of two prominent figures in its Private Bank and Wealth Management division, as part of its strategic plan to broaden service offerings and accelerate growth in this competitive sector. The bank's recent hires include Darcy Roennfeldt, who steps in as the managing director and head of Trust & Estate Services, and Shannon Patterson Saltos, who joins as the regional managing director of the Private Bank's Eastern Region. These appointments are set to significantly bolster the bank's leadership team and refine their wealth management capabilities.

Strategic Appointments for Enhanced Services

Darcy Roennfeldt, based in Los Angeles, brings with her an extensive background and a profound understanding of fiduciary management. In her role as head of Trust & Estate Services, Roennfeldt will lead a skilled team dedicated to offering a comprehensive range of services tailored for high-net-worth and ultra-high-net-worth clients. Her wealth of knowledge in legal and fiduciary matters positions her as a critical asset in providing clients with the confidence necessary for their financial futures.

City National Bank has recognized Roennfeldt's impressive record, particularly her notable tenure at PNC Private Bank, where she successfully managed fiduciary strategy and team development. Her expertise in overseeing complex trust operations is expected to further enhance the bank's ability to maintain and grow its strong client relationships. Brandon Williams, executive vice president and head of City National Private Bank & Wealth Management, expressed, "Darcy's extensive experience will reinforce our commitment to delivering exceptional wealth and estate capabilities, ensuring our clients have the support they need in navigating complex financial landscapes."

On the other hand, Shannon Patterson Saltos, who is based in New York, will co-lead the Private Bank alongside Steve Sherline, who focuses on the Western Region. With over 25 years of experience in wealth management and private banking, Patterson Saltos is poised to drive growth and expand the bank's reach in the Eastern region. Her ability to offer comprehensive lending, investment, and planning solutions sets her apart as a leader in the wealth management sector.

Patterson Saltos joins City National from Wilmington Trust, where she played a significant role in various leadership functions, showcasing her strategic insight and ability to cultivate successful teams. Williams commented on her appointment by stating, "Shannon is an extraordinary leader who understands the intricacies of wealth management and is committed to putting clients and colleagues first. Her dual expertise in market leadership and strategic development will undoubtedly lead to remarkable growth for our clients."

A Commitment to Clients and Communities

City National Bank, founded in 1954 and headquartered in Los Angeles, is renowned for its dedication to helping clients flourish and communities prosper. With assets totaling $98 billion as of April 30, 2026, the bank's robust offering is supported by personalized service and specialized expertise ranging from wealth management to commercial banking. As a subsidiary of the Royal Bank of Canada (RBC), City National has a noteworthy footprint across several major U.S. markets, managing or administering an impressive $112 billion in client investment assets. Moreover, fostering community relationships remains pivotal; in 2025, the bank generously contributed nearly $11 million to various nonprofit organizations, underscoring its commitment to social responsibility.

As City National Bank welcomes these two new leaders, it reaffirms its position as a trusted advisor in wealth management, ready to cater to the evolving needs of clients across the nation.

City National Bank continues to stand out for its exceptional services, ensuring that both current and future clients have the resources they require to navigate the complexities of wealth management effectively. Its ongoing investment in leadership and service enhancement positions it for sustained success in the competitive landscape of private banking.