city national bank 2015 in review

CITY NATIONAL BANK 2015 IN REVIEW

PRINT + DIGITAL + EVENTS


C-Suite Media Inc., P.O. Box 8696, Calabasas, CA 91372 | 818/225.8168 | [email protected] | csq.com 2

IN SUMMARYIncluded here is a recap of the 2015 integrated partnership between C-Suite Quarterly (CSQ) and City

National Bank, inclusive of print, digital, and events. The purpose of this recap is to illustrate what CSQ

committed to, executed, as well as the prospective options to fulfill leftover CSQ commitments

in early 2016.

CITY NATIONAL BANK IN:

Print (pg 3) Digital (pg 4) Events (pgs 5-15)

City National Bank’s brand presence in CSQ included a 4x full-page advertisement run with premium positioning front-of-book, opposite Table of Contents (TOC).

Two City National Bank representatives, Bruce Simon and Michael Pagano, were featured as C-Suite Advisors in this special section of the 2015 Q3 Summer Sports & Entertainment edition and the 2015 Q4 Fall Philanthropy, Art, & Culture edition.

The 2015 Q2 Spring Real Estate & Finance edition of CSQ also featured City National Bank Chairman & CEO Russell Goldsmith as the cover feature with an inside 5-page spread.

A value-driven mix of both Bruce Simon’s and Michael Pagano’s C-Suite Advisory profiles and print articles featured online - and Mr. Pagano’s being the latest, featured on the CSQ.com home page as well.

City National Bank’s online presence includes Russell Goldsmith’s cover story as a headline on the top third section of the CSQ.com home page clickable to the full story online with photos.

City National Bank was the Title Sponsor of CSQ’s 2015 Inside the C-Suite event series. This 8-part series hosted events in February, March, June, and August - with a remaining four left to execute by CSQ.

Each Inside the C-Suite had post-event coverage in the print quarterly editions of CSQ and online at CSQ.com.

Russell Goldsmith was the Primary Honoree at the CSQ 2015 Q2 Spring Visionaries in Real Estate & Finance event, which included a City National Bank branded space for CSQ’s NextGen10, post-event coverage in CSQ, and online at CSQ.com.

Both Bruce Simon and Michael Pagano received invites to CSQ’s C-Suite Advisory event in October 2015.



Print

73 Peter Diamandis

XPRIZE founder has brought incentivized innovation to the forefront by enlisting some of the greatest entrepreneurial minds of the 21st century

Features

146Closing Bell Futurist / Inventor Ray Kurzweil’s predictions for the 21st century

C-Suite /’si- sɥit/ (noun, adj.):1. A combination of all C-level executives, or officers with “chief” titles, such as CEO, CFO, etc.;

2. The senior executive HQ in a business organization;3. A title bestowed to the collective of leaders driving economic, policy, and social change.

WINTER 2015InnovatIon & technology edItIon

71CSQ&A Dr. Charles Elachi

Director of Pasadena’s Jet Propulsion Laboratory on possible space breakthroughs for 2015

57 Lynda Weinman on Lynda.com’s $103

million in venture funding and the future of online education

46

The Virtual Reality of Los Angeles by Howard Marks, CEO and Co-founder of StartEngine

60Two Bit Circus Founders Brent Bushnell

and Eric Gradman are generating interactive fun with STEAM Carnival

50

Would Albert Einstein Come to Los Angeles Today? by Michael Kelly, CEO of The LA Coalition

62Jon Kirchner DTS chairman / CEO

is leading the sound pioneers into the digital age

64EdgeCast Alex Kazerani and James

Segil discuss the impact of Verizon’s monster $400 million acquisition

68Adam Miller Cornerstone OnDemand’s

president / CEO on scalability and the transition from private to public company

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Non-deposit Investment Products: n are not FDIC insured n are not Bank guaranteed n may lose value

Past performance is not an indication of future results. ©2014 City National Bank

C I T Y N AT I O N A L B A N K C R E AT I V E S E R V I C E S

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CNB.138 Honest_Persnl_CSQ_Ad

PrOJecT MANAGer SIGNATUre

APPROVED / OK TO PrINT REVISE / SUbMIT NeW PrOOF

“ I trust City National with my family’s future.”

Find your way up.Call (866) 483-1951 to speak with a personal banker.

I’m an entrepreneur working on my third start-up. City National helps me make smart, timely decisions to help my business grow. And smart, sensible investment decisions for my family’s future. They’re a true “partner” in business and in my life.

City National is The way up® for me and my family.

Brian Lee CEO The Honest Company

Hear Brian’s complete story at FindYourWayUp.com/NextGen.

City National Personal Banking CNB MEMBER FDIC

Culture & Taste

112 Of Note Blue Ribbon’s Leaders in the Arts panel, Petersen’s exhibit at The Reagan Museum, Norton Simon’s classic art swap, LA’s hidden gems

116 Proprietors’ Profile Still going strong after nearly five decades, Brent’s Deli attracts dealmakers and regulars to its Northridge and Westlake Village locations

118 Consummate ConnoisseurRegional craft distilleries

122 Fine DiningWally’s in Beverly Hills, Cliff’s Edge, The Little Door, and Julienne in Santa Barbara

124 Business Lunch / Happy Hour

126 Required Reading

95 Our roster of experts tackle generational investing, raising capital, landmark legal cases, and more

ACCOUNTINGGENERATIONAL REAL ESTATE96 Demographic Changes Are Key to Commercial Real Estate SuccessBY Scott M. Sachs, CPA

ACCOUNTINGALLEN ET AL. V. UNITED STATES98 Planning for Your Plans to ChangeBY John Schweisberger

FINANCERAISING CAPITAL100 Fifty Shades of CapitalBY Jim Freedman & Jonathan Zucker

FINANCEPURPLE OCEANS102 Strategic EngineeringBY Jeffrey R. Knakal

FINANCEINTEREST RATES104 Meet the New TeamBY Bruce Munster

MARKETINGBRANDING106 Thinking About Acquisition? Think About Branding BY Michael Schaffer

REAL ESTATEPLAYING THE MARKET108 Spring ForwardBY James Engel

Contents



Ask the Advisors

Departments16 Masthead18 Editor’s Note20 Contributors128 Events136 Business Directory

In Review: CSQ hosts Jeanie Buss, Adam Miller, and Peter Diamandis plus a Montgomery Summit wrap

SPRING 2015 - VOL. 7 NO. 2REAL ESTATE & FINANCE EDITION

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61 Dan Beckerman

At 45, Dan Beckerman has risen through the ranks to the top position at global powerhouse AEG, whose local properties include STAPLES Center, L.A. LIVE, the LA Kings and Galaxy

Features

138Closing Bell NBA Players Association Executive Director Michele Roberts on managing egos, negotiating with owners, and what’s next for FIFA



SUMMER 2015 - VOL. 7 NO. 3 SportS & EntErtainmEnt Edition

56Patrick McClenahan Expected to attract $415mm

to the local economy, the Special Olympics World Games is the biggest regional event since the 1984 Olympics, and McClenahan has been the driving force

60 Lizanne Falsetto, former CEO of thinkThin, on transitioning

from corporate executive to board member and advisor

44

What Los Angeles Can Learn From the Warner Bros. by Michael Kelly, Executive Director, The Los Angeles Coalition

50Josh Welsh Film Independent’s president

is championing diversity in Hollywood, from the indie to the blockbuster

46

Los Angeles: My Kind of Sports Town Why the NFL needs us by Karen Brodkin, President of Business Affairs, WME|IMG

52Business Rockstars Steve Lehman and Ken

Rutkowski have partnered with tenured entertainment execs to go all in for their Over the Top (OTT) distribution platform

54Jay Samit From meetings with Richard

Branson to negotiations with McDonald’s and Sony, Jay Samit has built a career on disrupting media

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Contents



// Desirables26 Local Artists Four artists in residence leaving their mark 28 Artistic Living The great outdoors awaits you

30 Style Fitting in for Fall + CSQ&A with Joe Katz

32 Air The evolution of private aviation options, from charters to fractionals to ownership 34 Land Pebble Beach 2015 Automotive Week: the Concours d’Elegance brings in the finest wheels on the market; CSQ&A with Lisa Kaz, CEO of the LA Auto Show

38 Water Business Profile: Crystal Cruises and new CEO Edie Rodriguez

40 Buying Time Minute Quantities of Excellence: It’s all in the details with this selection of watches

// Philanthropy, Art, & Culture46 Of Note The region’s most impactful social entrepreneurs

50 Finding the Proper Exposure Los Angeles through the lens of Gil Garcetti

51 On the Board Four business leaders giving back to the community

61 Charitable Couples Six powerful pairs lifting up LA

// Destinations 84 Of Note Internationally Intrigued

86 New York Minute

88 Destination: LA A closer look at the Downtown Arts District’s latest developments

90 Golf Getaway Nicaragua The first 18-hole course in a 5-star resort and the philanthropic family responsible

94 Going Global MexicoExplore centuries-old ruins at Tulum and find a peaceful patch of beach at Playa del Carmen

On the Cover: David BohnettLocation: David Bohnett Foundation

conference room, Beverly HillsPhoto: Zach Lipp

40

90

Fall 2015 - VOl. 7 NO. 4 PhilanthroPy, art, & Culture edition

CSQ .Com / Fall 2015 - Q4 - 14 - - 14 -

Find your way up.SM

Call (866) 483-1951 to speak with a personal banker.




Hear Brian’s complete story at Findyourwayup.com/NextGen



Non-deposit Investment Products are not FDIC insured, are not Bank guaranteed and may lose value. City National does not provide tax advice. Clients should consult their own tax advisor regarding their own particular circumstance. Past performance is not an indication of future results. ©2015 City National Bank

Bruce D. Simon, CFASenior Managing Director, Chief Investment OfficerCity National Rochdale, LLC Beverly Hills, CA

Bruce Simon joined the former City National Asset Management (predecessor to City National Rochdale®) in 2011 and has over 30 years of experience in the investment industry. He leads City National’s skilled team of por tfolio manag-ers and research analysts, and as Chairman of the firm’s asset allocation committee, Mr. Simon directs the firm’s views on the economy and investment strategy. Previously, Mr. Simon was Chief Investment Officer and Managing Director at Ballentine Par tners, a $5-billion independent wealth management firm near Boston. Mr. Simon holds a BS in Marketing from Penn State University as well as an MBA in Applied Economics from George Washington University. Additionally, he holds the Char tered Financial Analyst designation and is a member of the CFA Institute.

At City National, we believe that perspec-tive is one of the most integral foundations of investing. It takes experience to perceive markets at the right distance. Short-term volatility can lead to myopic irrationality, and create misleading noise for market observers and investors. Long-term strate-gies can run the risk of ignoring valuable signals that might otherwise be used to inform decision-making.

Discerning the signal from the noise is one of the greatest values we bring to our high net worth clients. We avoid reacting to market hype and common short-term overreactions and tailor each perspective to fit every client’s unique needs.

At the end of last year, we predicted that 2015 would be another successful year for equity investors, but cautioned that gains would be hard-fought and accompanied by significant turbulence along the way. We thought that investor patience would be tested by the onset of higher interest rates in the U.S. and continued economic struggles among the world’s other major economies. While the story for the year remains to be told, the turbulence has returned as expected.

“U.S. Stocks Fall Amid Concerns About the Deepening Greek Debt Standoff” was the headline in a news article last month. Sounds pretty scary. The very next day, a market recap was titled “U.S., Europe Shares Rise with Greek Bonds on Signs of a Debt Deal.” These head-snapping changes in seemingly important stories are enough to give investors nausea, and are certainly contributing to this year’s stock market roller coaster ride. Short-term myopia is driving asset price performance, and, to those only attuned to the market for intermittent periods, the context seems entirely unpredictable.

Separating Signal From NoiseWith market-moving events consistently occurring,

what is truly worthy of investor attention?

| MARKET NOISE |

We believe that any attempt to derive actionable insight from the market begins with the understanding that financial asset prices are driven by three main factors: fundamentals, valuation, and psychology.

� When it comes to stock prices, fundamentals refer to the future earnings growth of a company, and are dependent upon many factors – both internal (e.g., business strategy and execution) and external (e.g., macro-economic) to the company’s operating environment.

� Valuation is a process that attempts to identify whether an asset is overvalued or undervalued relative to its future earning power, past history, or other companies in similar businesses.

� Psychology is the short-term “noise” that tends to create mispricing oppor-tunities when investors overreact to the market-moving news of the day, and is heavily influenced by investor mood, or sentiment.

In our view, investors should gauge the impact of daily headlines on each of these three factors. A perspective that is too near to the headlines du jour may ignore valuation and fundamentals, whereas a perspective that is too distant may ignore the useful context that these factors may provide. There is noise in the news, cer-tainly, but there are valuable signals, too.

Understanding any scenario in the context of these three factors can help isolate actionable signals. One could con-struct a scenario in Europe that involves Greece defaulting on its debt, exiting the Eurozone, and opening the door for other larger countries to follow suit. This would have a devastating effect on European

Phone310/[email protected] N. Roxbury Drive Beverly Hills, CA 90210

CsQ .cOM / SuMMER 2015 - Q3 - 98 - - 98 -

FinanCe PriVaTe BanKinG

and valuation than the timing of the decision.

Successful investing involves distin-guishing the signal from the noise. At City National Rochdale, we manage client portfolios with the philosophy that all news and current events are worthy of consider-ation, but not all are worthy of action. It’s this perspective that enables us to focus on events that are likely to shape long-term trends, and to build your portfolio on the tangible, not the ephemeral.

For more information about working with City National Private Client Services or City National Rochdale, speak with your financial advisor, or visit cnb.com to learn more about our Wealth Planning Solutions.

Non-deposit investment products are not FDIC insured and are not bank guaranteed. Investing involves risk, including the loss of principal. Past performance is no guarantee of future performance.

fundamentals and would undoubtedly impact other equity markets outside of the Eurozone. We assign an extremely low probability to this outcome, and therefore view most of the headlines coming from Greece to be noise, and impacting investor psychology more than anything else.

How does our interpretation of the signals translate to our outlook? We continue to view both market fundamentals and valu-ation levels as reasonable and supportive of higher stock prices. While the precise timing of the Fed’s first rate increase is the subject of endless speculation in the financial press, looking back three years from now it likely won’t matter much whether the first rate hike was in September or December of 2015. More important than the exact timing is the pace at which the Fed raises rates, and the subsequent impact on the global economy. The depth of the economic impact is likely to have a far greater effect on fundamentals

Discerning the signal from the noise is one of the greatest values we bring to our high

net worth clients. We avoid reacting

to market hype and common short-term overreactions and

tailor each perspective to fit every client’s

unique needs.

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Amir Vokshoor, MD FAANS> Board Certified Neurological Spine Surgeon> Director of Spine Surgery, St. John’s Hospital> Full Scope of Spine Care> Founder, Institute of Neuro Innovation

Zeiss Operating Microscope

CSQ .com / Summer 2015 - Q3 - 99 -

There is a seemingly endless amount of information related to managing substan-tial wealth ideas—claims, predictions, and legal and tax techniques. Much is written about legacy planning, family values transfers, and the responsibilities of wealth. It is all useful to varying degrees, but only after the center point for families is established and they know what they need to balance.

The center point is simply the long-term goals of the family members. They should know the answer to the question of “what is this wealth intended to accomplish specifically.” I regularly find that families are either not thinking of, are mis-prioritizing, or are losing sight of the objectives of their wealth. They’re off balance. With substantial wealth, however, they may not realize it. The question of purpose is a simple one but can be difficult to answer completely and the answers often seem to change for reasons that are unclear.

Clients should expect that the first priority of their advisors—including tax, legal, banking, investment, real estate, etc.—is to help them clearly identify, understand, and refine their needs and goals that are aligned with the purposes of their wealth. Every advisor should make a beneficial contribution to helping establish and maintain balance. Each has a role to play in this regard, formal or informal.

How do you prioritize within a uniquely tailored plan that has the right risks and expected returns while also re-maining open to new ideas and retaining financial flexibility? It’s a tall order and there are always tradeoffs to consider.

Finding and Keeping Your Balance

It can be surprisingly hard to find balance in wealth matters when one’s wealth reaches substantial levels and complexity

| WEALTH CONCERNS |

� Balance how you spend time to create goals, quantifying them to the extent possible, and then determining what return is required to reach them. This is your risk need. It’s a simple but valuable starting point. It gets tough quickly when you consider all the various types of assets, use of leverage, liquidity, cash-flow, volatility, fees, taxes, account types and titling, and perhaps other matters. With substantial wealth there is a need to create separate accounts or structures for specific needs like college planning or retirement. Unfortunately, the desire for adequate planning also seems to fade as well due to the often misplaced sense of security greater wealth provides.

� Balance how you view risk. Ask yourself what the risks are of not reaching particular goals? Risks come in many forms; investment loss, lack of liquidity at the wrong time, perfor-mance risk, inflation risk, correlation risk, reinvestment risk, and more. Balancing your risk need and your risk tolerance is crucial. Understanding and accepting the implications of not reaching your goals is key so you know which risks matter most.

� Balance your team. Seek out experts like those at City National Private Client who look at the entirety of your goals and all aspects of your balance sheet to take advantage of complex strategies that are a highly tailored combination of leverage, portfolios, and trusts such that everything works together in a specific way. It may be that you can ladder loans to an intentionally

Michael PaganoExecutive Vice PresidentPrivate Client ServicesCity National BankLos Angeles, CA

Michael Pagano is executive vice president of Private Client Services for City National Bank. Private Client Services tailors solutions to help wealthy families and individuals grow, preserve, and transfer their wealth. The group also specializes in working with professional services firms and select nonprofit organizations. Mr. Pagano has been with City National since 2007, and is a member of the bank’s Executive Committee. Mr. Pagano has worked in the financial services industry since 1985 and has been in private wealth management and private banking since 1994.

Phone213/[email protected] S. Flower StreetLos Angeles, CA 90071

CsQ .COm / FALL 2015 - Q4 - 110 - - 110 -

FinanCe Private banKinG

defective trust to minimize taxes. Or utilize customized leverage to improve cash flow or enable asset transfers to the next generation. Alternative investments can be used for either downside risk management or to generate incremental risk-adjusted returns. More wealth means more choices and more decisions. Your assets, debt, and structures should be simple enough to meet your goals and preserve flexibility but not so simple that they are ineffective.

� Balance your evaluation and assessment. Think about how to roll everything up annually to review it in an integrated fashion. This helps you get a clearer picture of how all the elements are interacting. With regard to assessing investment performance, don’t spend much time comparing to industry benchmarks. Concentrate on what you need to reach your objectives. Industry benchmarks can be useful references, but they are secondary to the performance you expect given the risk you are taking and your constraints for liquidity, cash-flow and other elements. Calculating your returns and seeing everything holistically takes work when you consider your real estate, other real assets, illiquid assets including private and direct investments, partnerships, business ownership interests and part-nerships, stock options and restricted stock, all debt, etc.

With a clearer understanding of your own balance, staying there should encompass these considerations: 1. Know your limits. For example, we see professionals in one field suddenly try to become experts in another too quickly. It’s tough to be a great doctor and also a great real estate investor at the same time. Take time to understand how that real estate fits into your bigger picture. Avoid becoming too ambitious too quickly in the spirit of being opportunistic.

2. Check regularly, perhaps annually or whenever something in your life changes, to see that you’re balancing risk need and risk tolerance, agreed upon by you and your advisors.

3. When planning, gifting, or making philanthropic commitments be sure not to plan yourself into financial inflexibility. Losing too much financial flexibility by over-committing can inhibit the capacity to borrow and use leverage when appropriate to maintain your balance of being opportunistic yet disciplined.

4. Staying with an advisor of any kind, financial, legal, tax, etc., just because you always have is not reason enough. Every advisor—friend or otherwise—and their firm has to earn more than your trust. Trust is all-important of course, but not all-encompassing. Your advisor should be able to provide advice and also challenge your assumptions and sentiments in a way that helps you define and reach your goals and stay in balance.

5. Most importantly, be focused on your own well-defined objectives and be certain that your tax, legal, financial, and other advisors are clear on them. Set high expectations of everyone who advises you. It is very difficult to find and keep your balance otherwise.

Non-Deposit investment products are not FDIC insured, are not obligations of or guaranteed by the bank, and are subject to investment risk, including possible loss of principal. Past performance is not a guarantee of future results.

How do you focus on what’s important to you and what works within a uniquely tailored plan that has the right risks

and expected returns?

CSQ .com / Fall 2015 - Q4 - 111 -

THE REGION’S DISRUPTORS, FASTEST GROWING COMPANIES, BIGGEST EXITS & ACQUISITIONS

SPRING 2015VOL. 7 NO. 2

LOS ANGELES VENTURA COUNTY

REAL ESTATE & FINANCE EDITION

FINANCIAL DISRUPTORSInnovative Offices

2014’S BIGGEST HOME SALES Rolls-Royce CEO on Record-Breaking Year

REVIVING DOWNTOWN With Gensler, CBRE, and Tom Gilmore

HOWARD MARKS’ TOP 5 INVESTMENT STRATEGIES

CSQ.COM

RUSSELL GOLDSMITHChairman & CEO of City National Bank Discusses the Anatomy of a $5.4 Billion Deal With Royal Bank of Canada

City National Bank Chairman & CEO Russell Goldsmith discusses the $5.4-billion merger with Royal Bank of Canada and his advocacy for Los Angeles’ civic and cultural strengths

Stepping to the Top Rung

BY WHITNEY VENDT

Phot

o by

Den

nis

Roy

Cor

onel

[ LOS ANGELES ]

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REAL ESTATE & FINANCE RUSSELL GOLDSMITH

Last summer, Russell Goldsmith received a follow-up phone call from Dave McKay of Royal Bank of

Canada (RBC). McKay wanted to know: Would Goldsmith be interested in meet-ing for dinner in San Francisco to resume their discussion about a possible merger? The two CEOs met previously in 2013 in Beverly Hills where McKay, then RBC’s Group Head of Personal & Commercial Banking, first pitched the concept, outlin-ing why he thought the two institutions would coalesce nicely.

“I told him then, ‘That’s very nice, but we’re not for sale,’” Goldsmith recalls. “City National has never been for sale. But I have a very simple policy, as the CEO of a public company, that if somebody with a reputable, solid firm says they’d like to meet, I am obligated to at least have the

meeting.” This open mindset and willing-ness to listen turned out to be a harbinger of things to come.

“They asked if we could continue to stay in touch and I said, ‘Sure, I’m happy to get to know you guys better.” Eight months later, plenty had changed, includ-ing McKay’s status: He was on the verge of becoming CEO. Goldsmith accepted the San Francisco dinner invitation and, as the conversation progressed over the next few months, it became clear that the opportunity was too good to miss. It was a rare situation in which merging would be good for not just the firms’ shareholders, but also their clients, colleagues, and the communities in which they were based.

The companies complemented each other perfectly: There was virtually no overlap between the two banks, so the deal would result in very few job eliminations, systems would not need to be consoli-dated, and the established brands would be able to enhance, rather than replace, each other. City National would benefit by being able to offer its private and com-mercial banking and mortgages to RBC’s 340,000 U.S. wealth management client households; they would also gain access to the vibrant entertainment markets of Toronto, Vancouver, and London, and they could expand their balance sheet, offer-ing their clients greater credit capabilities. In return, RBC would gain access to City National’s wealth management, private and business banking, and entertainment industry expertise.

“This kind of opportunity just doesn’t come along very often, if at all,” Goldsmith acknowledges. “I can’t think of another potential acquirer that would have been

a better combination for all four of our constituencies.” Goldsmith will remain as Chairman and CEO of City National for at least the next three years after the merger closes later this year and will then be re-sponsible for RBC’s extensive U.S. wealth management capabilities as well. The bank will continue to remain headquartered in Los Angeles and its mission and focus will stay the same. “This merger with RBC will reinforce the momentum we have and al-low us to do more of what we are already doing,” says Goldsmith. And what they’re doing is working. 2014 was City National’s most successful year in its 61-year history – an impressive feat when you consider that the company has been profitable for a remarkable 87 consecutive quarters.

Altogether, what had started as a simple dinner became a seven-month process – with City National code named ‘Laker’ in reference to the basketball team – culmi-nating in the January 22, 2015, public an-nouncement that the merger had become reality: RBC was buying City National in a $5.4B deal estimated to be completed by the fourth quarter of 2015.

“It’s not what most people think of when they imagine your typical bank merger,” Goldsmith clarifies. “City National’s shareholders will have changed, but almost everything else remains the same – except then City National will be able to provide more. At the time of the deal, City National was the 25th-largest bank in the United States with $32B in assets. It will keep its name and, to a large extent, its autonomy, but will now be powered by the 5th-largest financial firm in North America with approximately $800B in assets and a AA credit rating.

RUSSELL GOLDSMITH Chairman & CEO

AGE 65RESIDENCE Los AngelesEDUCATION Harvard College, Harvard Law SchoolFIRST JOB “Sweeping a neighbor’s porch when I was 10. He paid me a quarter.”ON HIS WRIST Rolex, a gift from his wife, KarenIN HIS GARAGE TeslaBUSINESS OVER A DRINK The Four Seasons in New YorkCAN’T-MISS EVENTS City National Bank’s Annual Leadership Meeting and his family ThanksgivingLAST BOOK READ Stress Test: Reflections on Financial Crises, by Tim Geithner

CSQ .COM / SPRING 2015 - Q2 - 71 -

C-SUITE QUARTERLY

1/ Goldsmith with former mayor and LA Coalition Co-founder Antonio Villaraigosa

2/ Goldsmith with his wife, Karen

3/ Goldsmith with his father, Bram, outside City National Plaza

4/ City National Plaza, a Downtown Los Angeles cornerstone

1 2

3

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Growing With the Family Business

The fact that City National is able to main-tain its brand – and the reputation it has built itself on – is a key aspect of its attrac-tion to RBC in the first place. City National specializes in private and business banking and in wealth management, particularly for A-list celebrities, high net-worth indi-viduals, small businesses, and key indus-tries such as entertainment services. The company’s experience in working with such clients, and its ties to the entertain-ment industry, go way back.

Russell Goldsmith’s grandfather, Ben Maltz, co-founded City National with Alfred Hart in 1954 to cater to entrepre-neurs, professionals, and growing small businesses in Los Angeles, where clients could receive the personal attention and utmost discretion that the bank continues to provide to this day. Hart’s Hollywood connections and celebrity relationships helped shape City National’s identity as an institution that would go to bat for friends in high places in times of dire need. In

1963, when Frank Sinatra, Jr. was kid-napped from Harrah’s Lake Tahoe, it was Hart who produced $240,000 on short notice for the cash ransom.

Russell’s father, Bram Goldsmith, took the reins as CEO from 1975 to 1995, then passed them on to Russell, who credits both Maltz and his father for instilling strong values in him, especially how to deal with people in business and how to maintain a sense of integrity. He particu-larly remembers his father’s maxim, “A deal is a deal,” reflecting the importance the former CEO placed on making firm commitments and living up to them.

Both his grandfather and his father worked through challenging economic times: the Great Depression, the major recession of 1974-75, and the economic challenges of the early 1990s. The financial crisis of 2008 serves as Russell’s greatest challenge to date, but even though it was a difficult period, he was able to lead the company through the recession in a way that allowed it to continue to grow. “We were able to weather the recession, stay

profitable and grow significantly, largely because we didn’t make the mistakes oth-ers made going into it,” he recollects. “We had no subprime loans, no credit default swaps, no toxic securities. But, of course, we had to tighten our belts.”

And the company continued to make loans and invest, adding to its footprint, adding people, and maintaining its com-mitment to meeting the needs of clients. Because the company was strong going into the recession, it was able to continue to be profitable and act on opportuni-ties to grow. City National had bought 12 banks prior to the recession, and after the crisis, acquired 4 more banks, two investment companies, and Rochdale Investments. “We came out of the reces-sion twice as big as we were before [in terms of assets], and as a result we can do more for our clients today,” Goldsmith says.

It goes to show what perseverance, integrity, and optimism can do for a company, and how values passed down between generations can have a broad impact across time. “I was lucky to have my grandfather for many, many years. He lived well into his nineties. I remember meeting with him in Manhattan when I was going to school back East. We were walking back from dinner and he said to me, ‘It really doesn’t matter what you do, just be the best at it.’ The values I gained from him and growing up in my family are a big part of who I am today.”

Although Goldsmith has served on the CNB board since 1978, he did not initially start out working at City National. After earning his juris doctor at Harvard Law School, he got his start as an entertainment attorney. This led to a position as head of Republic Pictures, where he became exactly the kind of client City National specializes in serving. “I think my back-ground as an entertainment lawyer, then as an executive – even my involvement as vice-chairman of the San Diego Padres in the ’90s – have helped me to see the world from our clients’ point of view. I see myself as an entrepreneur, and most of our clients are entrepreneurs in one way or another.”

TV Producer Tom Werner, who serves as chairman for the Boston Red Sox, first met Goldsmith when both were students at Harvard College. Goldsmith was having a hamburger with a girl Werner wanted to meet. Although things never worked out with the girl, Goldsmith and Werner became college roommates. One spring break, Goldsmith invited Werner, an East Coast native, to his home in Beverly Hills.

Even then, Goldsmith’s staunch advocacy for Los Angeles was compelling. The two have remained close friends and business associates ever since.

Goldsmith was Werner’s attorney when he started Carsey-Werner Company (re-sponsible for The Cosby Show, Roseanne, That ’70s Show, and many others) and helped Werner put together the bid to acquire the San Diego Padres in 1990. “Russell and I are avid baseball fans,” says Werner. “Aside from bringing the parties together, he was quite helpful in managing the asset.” Aside from being “incredibly bright,” Werner says Goldsmith is an in-credibly warm and engaging leader. “I’ve talked with a number of people who have worked for him at City National. He’s clear on what his goals are, and he’s a very good motivator.”

Having firsthand experience in law and entertainment, in addition to being raised in a real estate family, Goldsmith learned to understand how to run his company wisely, particularly grasping the impor-tance of having the right people and the right culture in that company.

“I try to create a culture where people can speak up,” he says. “I love taking a fresh look at the company with people who are new. When I hire, I look for the character of the person and their curiosity. I want them to have questions for me. If someone says, ‘You guys are doing everything perfect,’ that’s not the person for me.”

Despite having just closed a $5.4B deal, City National is not what Goldsmith sees as his greatest accomplishment. “My family is first, followed by the suc-cess of City National, but neither of these accomplishments is mine alone,” he clarifies. Goldsmith credits his wife, Karen, for much of his family’s success, and his colleagues and Board of Directors for helping him build City National into what it is today.

Community Ties Translate Into Corporate Wins

Goldsmith’s attitude toward teamwork

and building relationships extends to the community as well. The RBC deal al-lows him to extend the bank’s network in California, Nevada, and New York into other parts of North America – and the world – particularly with regard to the firm’s entertainment services.

“Entertainment is a global business and we want to be able to provide for all of our entertainment clients’ financial needs, wherever our clients are,” he says. City

National has already focused its services in cities like Nashville, Atlanta, and New York for this very reason; the partnership with RBC will give them capabilities in Vancouver and Toronto as well.

“Once this merger is complete, we’ll be able to seamlessly serve our clients with their productions in Canada, and we’re looking at RBC’s bank charter in London as an opportunity to bring wealth man-agement and banking services to people on the ground there as well,” he adds. “It would be an important step, making City National the go-to platform for financial services for the entertainment industry across the English-speaking world.”

RBC’s partnership with City National is likely to have an impact on Los Angeles too, not just in a business capacity, but in indirect ways as well. “Back in 2006, Mayor Antonio Villaraigosa and I were discussing the fact that there’s something like a million more people in Los Angeles than there were 30 years ago, but no more jobs had been created to meet that need,” Goldsmith points out. The two leaders began discussing ways to create more jobs

and grow the economy without straining the city’s budget. They ended up forming an ad hoc blue-ribbon committee to figure out what their options were. “I think it is a great question government at every level should be asking themselves and they of-ten don’t,” Goldsmith observes. “Antonio, to his credit, wanted to ask that question.”

The committee spent approximately 18 months coming up with a hundred ideas. They identified the Port of Los Angeles and LAX as the two biggest job genera-tors in Southern California, both directly and indirectly. Both entities are controlled by the City of Los Angeles, and together, they generate more jobs than any other single entity. As of 2006, LAX had not been renovated since the 1984 Olympics and was ripe for an upgrade. The commit-tee submitted its recommendations at the beginning of 2008. Twelve months later, nothing had happened.

Rather than let their recommendations expire, Goldsmith and several others in-volved in the committee decided to form a group to keep progress moving for-ward. “We didn’t want to be just another

I try to create a culture where people can speak up ... When I hire, I look for the character of the person and their curiosity. I want them to have questions for me. If someone says, ‘You guys are doing everything perfect,’ that’s not the person for me.

Phot

o by

Den

nis

Roy

Cor

onel

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C-SUITE QUARTERLY

CITY NATIONAL BANK

FOUNDED 1954HEADQUARTERS Los AngelesOFFICES 75 EMPLOYEES 3,5002014 NET INCOME $255.8mm NOTEWORTHY CLIENTS Sports teams (The Golden State Warriors); law firms (Loeb & Loeb; Munger, Tolles & Olson); private equity firms (Ares Management); public personalities (Wolfgang Puck); stage productions (The Book of Mormon)CORPORATE PHILANTHROPIC ENDEAVORS Annual corporate giving is nearly $5mm. Workplace giving raised $1.2mm in 2014. Since its introduction in 2005, Reading is The way up® has provided 300,000 books and $1mm to schools.

4

CSQ .COM / SPRING 2015 - Q2 - 74 - - 74 -


pro-business group; there is already a Chamber of Commerce, and a Business Federation, and other business groups,” Goldsmith recalls. Instead, they formed the Los Angeles Coalition for the Economy and Jobs, a group focused on highlighting initiatives that would benefit from the at-tention of policy makers. “We wanted a group that’s bipartisan, that brings together business, labor, nonprofits, educational in-stitutions, and government to rally around issues and solutions that are good for all the constituents in Southern California.”

Its 62 members comprise a Who’s Who of influencers across industries, includ-ing Wallis Annenberg, Ted Craver, Maria Elena Durazo, and Ed Roski. While the group is making progress, it has not all been smooth sailing. The Coalition’s sup-port for moving the North Runway at LAX further north to meet safety standards has met with resistance from the residents of Westchester. But the group doesn’t shy away from controversial issues and has stood tall in support of issues such as federal funding for LA’s growing subway

system, immigration reform, and railway expansion at the Ports of Los Angeles and Long Beach. Progress is being made. “Virtually all the terminals at LAX are going to be remodeled and one termi-nal’s going to be torn down. The Bradley International West Terminal opened about a year ago, and they’re now planning to do a further west, so-called ‘midfield’ terminal.”

Why is this important? Economists have estimated that a single international flight coming into LAX every day, 365 days a year, generates approximately 3,000 jobs in the region directly or indi-rectly. An attractive international termi-nal is important, but so too is having the infrastructure to accommodate increased air traffic, as well as keeping up with technology; for example, expanded run-ways and gates that can accommodate the double-decker “superjumbo” Airbus A380, Boeing’s 747-8, and the 787s that many international carriers are beginning to favor.

While this may all seem far from the goals and mission of City National and RBC, Goldsmith sees it differently. “The Coalition’s role is to support and help policy-makers, to push for responsible constructive economic policies that foster quality job growth, and prod a little bit,” he emphasizes. “So what we also do is articulate why certain policies do or don’t make sense, help them make connections, reach out to people that matter, make introductions, and be a voice for them.” You can imagine just how pow-erful the voices of those connections are, when you consider the level of clientele City National serves, and what it can add to that network once it has partnered with RBC.

This idea of reaching out, of working together to build wealth and commu-nity, is at the heart of City National’s mentality. It is reflected in its motto, “The way up,” symbolized by a stylized ladder icon, which Goldsmith sports as a small pin on the lapel of his jacket. It’s a motto that Goldsmith gladly wears on his sleeve as well.

“I feel very committed to Los Angeles,” he states. “I’ve just joined the board [of directors] of Cedars Sinai, so I’m actually going to be doing more for the community. I’m going to continue to live here, our busi-ness is going to be headquartered here, my offices will be [in Beverly Hills] and in Downtown LA.” Knowing full well that change is a part of growth, Goldsmith leads the upward trajectory of his institution with integrity, adherence to his values, and the considerable clout of a new partnership.

C-SUITE QUARTERLY

(4x) FULL-PAGE ADSOPPOSITE TOC (2x) C-SUITE ADVISORY PRINT ARTICLES

(1x) COVER FEATURE ON CITY NATIONAL BANK CHAIRMAN & CEO RUSSELL GOLDSMITH



Digital

MICHAEL PAGANOC-SUITE ADVISORY

ONLINE PROFILE + ARTICLE

BRUCE SIMON C-SUITE ADVISORY

ONLINE PROFILE + ARTICLE

MICHAEL PAGANOFEATURED ON THE CSQ.COM

HOME PAGE

+ FULL STORY ONLINE WITH PHOTOS

RUSSELL GOLDSMITH’S COVER STORY ON TOP THIRD OF CSQ.COM

HOME PAGE



Events

(6) INVITES (“3 top clients + 3 top management people”) + POST-EVENT COVERAGE IN CSQ + AT CSQ.COM

February 10, 2015 with Jeanie BussMarch 16, 2015 with Adam Miller

June 25, 2015 with Patrick McClenahan August 6, 2015 with Alex Kazerani & James Segil

[RESULT] (4/8) COMPLETED - CSQ YET TO FULFILL (4) MORE OR THE EQUIVALENTSee pages 6 to 15 for RSVP LISTS + POST-EVENT COVERAGE IN CSQ of (4/8) executed

(8x) TITLE SPONSOR OF CSQ’S 2015 INSIDE THE C-SUITE EVENT SERIES

(1x) CSQ VISIONARIES AWARDS EVENT WITH PRIMARY HONOREE RUSSELL GOLDSMITH

(40) INVITES + BRANDED SPACE FOR CSQ’S NEXTGEN10 + POST-EVENT COVERAGE IN CSQ + AT CSQ.COM

May 13, 2015

[RESULT] CSQ EXECUTED BRANDED SPACE, YET IT WENT SEEMINGLY UNDERUTILIZED

(1x) CSQ’S C-SUITE ADVISORY EVENT

(2) INVITES FOR BRUCE SIMON + MICHAEL PAGANO

October 14, 2015

[RESULT] BOTH BRUCE SIMON + MICHAEL PAGANO DID NOT ATTEND

Visionaries series

CSQ’S VISIONARIES IN REAl EStAtE & fINANcE

SPRING COVER FEATURE RUSSELL GOLDSMITH, CHAIRMAN AND CEO OF CITY NATIONAL BANK, CO-HOSTED CSQ’s VISIONARIES IN REAL ESTATE & FINANCE EVENT AT THE DISTRICT BY HANNAH AN.

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The NeTwork

CSQ .com / Summer 2015 - Q3 - 127 -

The NeTwork C-SuiTe Quarterly

The DisTricT by hannah an Los angeLes, ca

In honoring the real estate and finance visionaries profiled in the spring edi-tion of CSQ, both Russell Goldsmith and Sandy Sigal (of NewMark Merrill Companies) were presented with plaques in honor of their achievements and recent articles. Each then spoke to their engagement with the magazine and were keen to thank individuals who had helped support their careers.

Goldsmith showed particular gratitude toward his team at City National, both those in attendance and at large, as well as the civic organization in which he chairs, the LA Coalition for the Economy and Jobs. Attendees included leadership from Lee & Associates, SheppardMullin, CBRE, MJW Investments, PGA Tour, Ervin, Cohen & Jessup, SeaChange International, PNC, Tangram, Enplug, REP Interactive, and Dykema.

Supporters and sponsors of the eve-ning included City National Bank, official auto sponsor Aston Martin, supporting sponsor, accounting firm RBZ, and patron sponsor, law firm Perkins Coie.

Guests enjoyed signature cocktails and authentic Vietnamese hors d’oeuvres, a special noodle bar hosted by Restaurateur Hannah An, and live music by jazz guitarist Graham Dechter.In conjunction with the CSQ and Aston Martin partnership, Russell Goldsmith arrived to the event driving an Aston Martin, which was loaned to him for the week.

PhoTograPhersDennis Roy Coronel, Kamehana LeeeVenT conTacTElizabeth Gravier, [email protected]

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The NeTwork C-SuiTe QuARTERLy

VISIONARIES SERIES

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THE NETWORK



Events - INSIDE THE C-SUITE

FIRST NAME LAST NAME COMPANY TITLE

Chris Achar Genzum Life Sciences CEO

Ravi Achar Semler Research Center Founder & CEO

Dulari Amin Phenomenon President

Manny Backus Wealthpire Founder & CEO

Crispin Baynes Guest of Summer OstermanPatrick Bet-David PHP, Inc. Owner & Founder

Jeanie Buss Los Angeles Lakers Part-owner & President

Sean Caffey Replenish, Inc Co-founder & CEO

Willow Cobenais Guest of Henrik Fisker Actress

Ghassan Dahlawi Guest of Henrik Fisker Investor

Jason Dean CSQ Managing Editor

Jeff Durbin F. Gavina and Sons, Inc. CFO

Gil Elbaz Factual Founder & CEO

Henrik Fisker Fisker Automotive Founding Partner & Executive Chairman

Simone Gold, MD, JD IRFdefend Software Co-founder & CEO

Efrem Harkham Luxe Worldwide Hotels Founder & CEO

Terry Heller Heller Holdings / Plan Check Restaurants Owner

Dr. Andrew Klein Cedars-Sinai MD / Director, Comprehensive Transplant Center

Julia Klein Guest of Dr. KleinJeffrey Knakal GROWTH PARTNERS Founder & Managing Partner

Mike Malamut Malamut Investments, Vespa of Calif. inc. Owner

Howard Marks StartEngine Managing Partner

Gwen Miller City National Bank Executive VP, Private Client Services - Los Angeles

Summer Osterman Burgess Yachts Yacht Charter Broker

Jeff Potter Surf Air President & CEO

Courtney Reum VeeV Spirits Founder & CEO

Sergio Sepulveda City National Bank Senior VP

Sudhin Shahani Surf Air Executive Chairman

Donald Taylor City National Bank Senior VP, Private Client Services

O.D. Vincent PGA TOUR | Northern Trust Open Executive Director

James Worthy Former NBA Athlete

David Wurth CSQ & C-Suite Media, Inc. Publisher & CEO

FEBRUARY 10, 2015 with JEANIE BUSSRSVP LIST - 32 TOTAL

CITY NATIONAL BANK INVITES HIGHLIGHTED

IN BLUE



CSQ’s Inside the C-Suite With Jeanie Buss STAPLES CenterLos Angeles, CA Los Angeles Lakers Part-owner and President Jeanie Buss co-hosted the first installment of CSQ’s 2015 Inside the C-Suite series at STAPLES Center. The event celebrated “Values I Learned from My Father,” Jeanie’s personal tribute to her late father Dr. Jerry Buss, which appeared in CSQ’s Summer 2014 Sports & Entertainment edition. Guests included Laker legend James Worthy, Fisker Automotive’s Henrik Fisker, and Gil Elbaz (Factual). Jeanie reminisced about her father while guests enjoyed cocktails and dinner, followed by the Lakers playing the Denver Nuggets. Time Warner Cable SportsNet filmed the reception for its Backstage: Lakers telecast.

James Worthy briefly addressed the intimate gathering. “Dr. Buss was a very special human being who kind of used his platform to really enroll people,” he said. “He was a people person, on top of being an outstanding business man ... innovator, and having a passion for the Lakers.”

“I want to thank [CSQ Publisher] David [Wurth] for asking me to write a story about my father,” Jeanie told attendees. “He loved this town, he was a fan of the Lakers when he bought the team, and he ran it to make everyone who lives in Los Angeles proud.”

CSQ’s Inside the C-Suite (ITCS) event series brings together members of the C-Suite Circle—top business leaders who have been featured editorially in the magazine. Previous Inside the C-Suite hosts have included Caruso Affiliated Founder & CEO Rick Caruso and USC President Dr. C. L. Max Nikias.

TITLE SPONSOR City National BankPHOTOGRAPHER Dennis Roy Coronel EVENT CONTACT Elizabeth Gravier, [email protected]

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EVENTS


FEBRUARY 10, 2015 with JEANIE BUSSPOST-EVENT COVERAGE IN CSQ




MARCH 16, 2015 with ADAM MILLERRSVP LIST - 36 TOTAL


Peter Barbara City National Bank Senior VP, Manager, Private Client Services


Nathan Doctor CodeWars CEO

Gil Elbaz Factual Founder & CEO

Robin Engel City of Los Angeles Chief Deputy Administrative Officer

Steve Gatena REP Interactive CEO

Karen Gift Cornerstone OnDemand VP Finance

Jon Goss Quintessentially Group Senior VP

Marc Hernandez Brent's Deli Co-owner

Richard Johnson Guest of Reginald Roberson Attorney

Michael Kelly The Los Angeles Coalition for the Economy & Jobs Executive Director

Sean Kelly HUMAN Healthy Vending Co-founder & CEO

Jonathan Kendrick Rok Mobile Founder & CEO

Chris King Cruzach, Inc Founder & CEO

Phil Lee Cornerstone OnDemand Manager, Corporate Development & Innovation Fund, Finance

Kevin Manion Young's Market Company CFO & COO

Rene Martinez Los Angeles Commercial Business Services (LACBS) VP

Adam Miller Cornerstone OnDemand President & CEO

Gwen Miller City National Bank Executive VP, Private Client Services - Los Angeles

Bill O’Grady City National Bank Market Manager & Senior VP

Ronen Olshansky Cross Campus Co-founder & CEO

Robin Richards CareerArc Chairman & CEO

Yair Riemer CareerArc CMO

Reginald Roberson Lavish Experiences & Productions Executive Producer

Jay Samit SeaChange International CEO

Reed Schaffner Workpop Founder & Co-CEO

Ryan Schneider HUMAN Healthy Vending COO

Chirag Shah Cornerstone OnDemand Senior Director, Corporate Development, Finance

Arthur Simanovsky BeMyDD LLC Founder

Jeffrey Stewart CCG President & CEO

Steve Supowitz IFS: Individual Food Servce Owner


Beth Thompson Cornerstone OnDemand RVP Marketing, Americas

Perry Wallack Cornerstone OnDemand CFO


Julia Zhu, Esq. Squire Patton Boggs (US) LLP Attorney

*CITY NATIONAL BANK INVITES HIGHLIGHTED IN BLUE



CSQ’s Inside the C-Suite With Adam Miller Cornerstone OnDemandSanta Monica, CA The second installment of CSQ’s 2015 Inside the C-Suite series was co-hosted by Cornerstone OnDemand President and CEO Adam Miller at his corporate offices in Santa Monica. With these three floors occupying the fourth, fifth, and sixth levels of The Water Garden building (the fourth floor equipped with a candy store, the fifth an arcade gaming room, and the sixth a yoga, meditation, and kickboxing room), Cornerstone OnDemand curated a choice setting for the evening – the top floor indoor/outdoor balcony overlooking Santa Monica.

What started off as a networking cocktail event over drinks and hors d’oeuvres turned into an intimate night of storytelling from some of Los Angeles’ tech and innovative power players in the room while startup mentors took to the stage to discuss strategies and challenges of creating a new business. As Adam was scheduled to arrive at LAX from a meeting with Seattle-base client Microsoft earlier that day, the room was buzzing with anticipation of his arrival.

Several in attendance addressed the crowd with stories of leadership and personal entrepreneurial journeys.

Chirag Shah, senior director, corporate develop-ment and strategic planning at Cornerstone, took part with Adam in the company’s IPO in 2011. Chirag gave an overview of the Cornerstone Innovation Fund, including the Cornerstone Accelerator, and how the company is investing in the next generation of LA tech. Nathan Doctor, CEO, Codewars, shared his back-ground on the startup that is part of the Cornerstone Accelerator and encourages programmers to achieve code mastery through challenge. Reed Shaffner, founder and co-CEO, Workpop, represented another startup participating in the Cornerstone Accelerator. Sean Kelly, co-founder and CEO, HUMAN Healthy Vending, told the story of why he went from studying to be a surgeon to founding a company driven to pro-mote on-the-go healthiness through vending machines. Robin Richards (chairman and CEO, CareerArc and CEO, Internships.com) and Yair Riemer (CMO, CareerArc) offered their shared perspective on CareerArc’s success, and Robin also shed light on his rewarding serial entrepreneurial background.

As the evening reached its finale, Adam arrived from LAX right on cue and took the stage to share detail on his own entrepreneurial journey, including why he decided to launch a tech startup in LA in the late 1990s, the challenges and opportunities this created, and his thoughts on the state of LA’s tech ecosystem.

TITLE SPONSOR City National BankPHOTOGRAPHERS Dennis Coronel, Kamehana LeeEVENT CONTACT Elizabeth Gravier, [email protected]

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EVENTS C-SUITE QUARTERLY


MARCH 16, 2015 with ADAM MILLERPOST-EVENT COVERAGE IN CSQ




JUNE 25, 2015 with PATRICK MCCLENAHANRSVP LIST - 36 TOTAL


Brad Alford Nestlé, USA Former Chairman & CEO

Debi Anderson LA2015 Special Olympics World Games Special Olympics Athlete & Global Messenger & LA2015 Board Member

Nichole Baker California Community Foundation VP of Development & Donor Relations

Peter Barbara City National Bank Senior VP, Manager, Private Client Services

Jason Bateman Vistage International Regional Executive, Pacific Region

Eric Bates, Esq. Guest of City National Bank Real Estate & Business Attorney

Bernadine Bednarz“Ready, Set, Gold!” ProgramLos Angeles' City Club's Not-For-Profit Group

DirectorChair & Founder

Jay Belson Jay Belson Luxury Development President & CEO

Jeff Carr LA2015 Special Olympics World Games COO

John Chavez Manufacturers Bank, Los Angeles Former President & COO / Director & LA84 Board Member


Anita DeFrantz LA84 Foundation President & LA84 / LA2015 Board Member

Brian Erickson LA2015 Special Olympics World Games SVP, Corporate Sponsorships

Bill (William) French FM Financial President

Peggy Grande The Quiggle Group Founder & COO & Former Executive Assistant to President Ronald Reagan

Rafer Johnson Special Olympics Southern California Founder & Olympic Gold Medalist & LA84 / LA2015 Board Member

Andrew Knox Chelsea Partners Managing Director & LA2015 Board Member

Olga Matrovosa LeClairRyan Attorney

Patrick McClenahan LA2015 Special Olympics World Games President & CEO & LA84 / LA2015 Board Member

Maria Mello Girls on the Run of San Diego Board Chairman

Sal Mendoza City National Bank Senior VP, Manager, Community Reinvestment

John Naber Naber & Associates, Inc. Founder & Four-Time Olympic Gold Medalist & Los Angeles Sports Council Board Member

Rick Ojeda Partners Trust Associate Partner

Maidie Oliveau Arent Fox LLP Counsel & LA2015 Board Member

Michael Palumbo Palumbo Design Owner

Kevin Parikh Avasant & Avasant Foundation Global CEO / Senior Partner & Chairman

Gibson Pierre Guest of City National Bank Business Consultant

Chris Runyen Charles Dunn Company, Inc. Senior Managing Director

Jemie Saekoo Avasant & Avasant Foundation Vice President, Marketing

Carol Savoie Deloitte Tax, LLP Director, Entertainment Tax

Nick Segal Partners Trust President & Founding Partner

David Simon Los Angeles Sports Council President & LA2015 Board Member


Gilbert Vasquez Vasquez & Company LLP Managing Partner & LA84 Board Member

Richard Villa TCW CFO & Managing Partner





CSQ PRESENTS INSIDE THE C-SUITE WITH PATRICK MCCLENAHAN OF THE LA2015 SPECIAL OLYMPICS WORLD GAMES

LA84 FOUNDATION HEADQUARTERSLOS ANGELES, CA

CSQ’s third Inside the C-Suite of the year’s eight-part series was hosted by Patrick McClenahan, president and CEO of the LA2015 Special Olympics World Games. The event was held at the LA84 Foundation headquarters, the nonprofit organization and facility born out of the ‘84 Olympics in LA, near Downtown LA with a networking luncheon event and special storytell-ing by some honored attendees. Attendees included Andrew Knox (Chelsea Partners), Bill French (FM Financial), Brad Alford (Nestlé), Carl Savoie (Deloitte), Chris Runyen (Charles Dunn), and David Simon (LA Sports Council). Special guests and speakers included Debi Anderson, Special Olympics Athlete & Global Messenger; Anita DeFrantz, former President of the LA84 Foundation and Board Member of both LA84 and LA2015; Patrick McClenahan, President & CEO of the LA2015 Special Olympics World Games and also Board Member of both LA84 and LA2015; Rafer Johnson, 1960 Olympic Gold Medalist, LA84 and LA2015 Board Member, and Founder of the Special Olympics in Southern California.

A very special thank you to our title sponsor of the afternoon and the entire CSQ Inside the C-Suite series, City National Bank.

PHOTOGRAPHERSDennis Roy Coronel, Rachel DobrinEVENT CONTACTElizabeth Gravier, [email protected]

INSIDE THE C-SUITE

CSQ .com / Fall 2015 - Q4 - 136 - - 136 -

The NeTwork


JUNE 25, 2015 with PATRICK MCCLENAHANPOST-EVENT COVERAGE IN CSQ




JUNE 25, 2015 with PATRICK MCCLENAHANPOST-EVENT COVERAGE IN CSQ (cont’d)

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AUGUST 6, 2015 with ALEX KAZERANI & JAMES SEGILRSVP LIST - 33 TOTAL


Hannah An The District by Hannah An Owner

Catherine An AN Catering Founder & Managing Partner

Noah Becker AdRev VP - Rights Management

Jason Crilly PageWoo CEO & Founder


Peter Delgrosso DUN & BRADSTREET Chief Business Development Officer

Ken Fischer Labite.com President

Joe Guzel CrossCut Ventures Associate

Alex Kazerani EdgeCast Networks Inc. Founder & CEO

Sean Kelly HUMAN Healthy Vending Co-founder

Shaz Khan Vroozi Chief Strategy Officer & Co-founder

Nadia Khan Guest of Shaz KhanJessie Kim Enplug, Inc. Chief Strategy Officer

Cory Klippsten Fuisz Media Co-founder & Chief Business Officer

Ece Klippsten Guest of Cory KlippstenMichael Kucera ZehnerGroup CFO

Mike Lanni Guest of Nanxi LiuLen Lanzi LAVA Executive Director

Nanxi Liu Enplug, Inc. CEO

Anna McRoberts Air Bud Entertainment Producer & President

Tarrant Moses GeBBS Healthcare Solutions SVP, Sales

Ronen Olshansky Cross Campus Co-founder & CEO

Jerry PowerUSC-Marshall’s CTM(Communications Technology Management) Executive Director

Erik Rannala Mucker Capital Co-founder & Managing Partner

Alan Rich Chrome River Technologies Co-founder & CEO

James SegilVerizon Digital Media ServicesEdgeCast Networks Inc.

Former CMOCo-founder & Former President

Demian Sellfors (mt) Media Temple Founder

Mark Stagen Youth Business Alliance (YBA) CEO & Philanthropist

Jeff Stibel DUN & BRADSTREET Vice Chairman


Nitin Thakor GeBBS Healthcare Solutions President & CEO

David Wurth CSQ CEO / Publisher

Matthew Zehner ZehnerGroup CEO





AUGUST 6, 2015 with ALEX KAZERANI & JAMES SEGILPOST-EVENT COVERAGE IN CSQ

CSQ PRESENTS INSIDE THE C-SUITE WITH ALEX KAZERANI AND JAMES SEGIL OF VERIZON DIGITAL MEDIA SERVICES, FORMERLY EDGECAST NETWORKS

VERIZON DIGITAL MEDIA SERVICESPLAYA VISTA, CA

CSQ’s fourth Inside the C-Suite of the year’s eight-part series was hosted by Alex Kazerani and James Segil, co-founders of EdgeCast Networks, which was acquired by Verizon for $400mm in 2013.

The event took place at their headquarters—now Verizon Digital Media Services—at The Reserve in Playa Vista with a networking cocktail reception and a special tour of their offices and Network Operating Center (“The NOC”). Following the tour, guests gathered around to hear Alex’s and James’ storytelling in a TED Talk-style format and informal Q&A.

Attendees included Alan Rich (Chrome River Technologies), Cory Kippensten (Fuisz Media), Erik Rannala (Mucker Capital), Hannah An (House of An), Jason Crilly (PageWoo), and Jeff Stibel (Dun & Bradstreet).

Bite Catering Couture provided the hors d’oeuvres with a special scotch tasting table by The Macallan, including Macallan Rare Cask and Highland Park.

A very special thank you to our title sponsor of the evening and the entire CSQ Inside the C-Suite series, City National Bank.

PHOTOGRAPHERNeil G. PhillipsEVENT CONTACTElizabeth Gravier, [email protected]

INSIDE THE C-SUITE

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The NeTwork




AUGUST 6, 2015 with ALEX KAZERANI & JAMES SEGILPOST-EVENT COVERAGE IN CSQ (cont’d)

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IN SUMMARYIn order to continue and excel the integrated partnership between C-Suite Quarterly (CSQ) and City

National Bank from 2015 and as a CSQ “make-good,” we would like to offer City National Bank, at no

additional cost, the “Exclusive Private Banking Sponsor” with the benefits of a “Presenting Sponsor”

at CSQ’s next (2) Visionaries Awards events taking place in 2016:

Visionaries in Innovation & Technology (February 2016)with Rob Lloyd, CEO, Hyperloop Technologies Inc.

Visionaries in Real Estate & Finance (May 2016)with TBA

Total Value = $30,000

city national bank 2015 in review

Documents