EUR/USD likely to find a peak near 1.25: UBS
NEW YORK - City National Rochdale (CNR) appointed Gregg Giaquinto as its new chief executive officer, according to a press release statement issued Tuesday.
Giaquinto, who previously served as President and member of the Executive Leadership Team, has been with the firm since 2007. During his tenure at CNR, he has held leadership positions across multiple departments including Sales Strategy, Marketing, Client Experience, Investment Management, and Client Service & Operations.
The new CEO brings more than 25 years of financial services industry experience to the position. Prior to joining CNR, Giaquinto worked as Chief Operating Officer and General Counsel for Electronic Trading Group, LLC and held senior roles within City National Bank’s Private Banking and Wealth Management group.
In his new role, Giaquinto will oversee all key functions within the organization while continuing to set strategic direction for the firm.
"I couldn’t be more excited by what’s in store for City National Rochdale as we continue to deliver highly customized solutions for Financial Advisors and their high-net-worth clients," Giaquinto said in the statement.
Giaquinto holds a Bachelor of Science in Business Management from the State University of New York and a Juris Doctor from Brooklyn Law School. He is a member of the New York State Bar.
City National Rochdale, a wholly owned subsidiary of City National Bank, manages over $65.3 billion in assets as of April 30, 2025. City National Bank is a subsidiary of Royal Bank of Canada (RBC) with $93 billion in assets as of April 30, 2025. RBC, with a market capitalization of $182.47 billion, trades at a P/E ratio of 14.13 and offers a dividend yield of 3.47%. According to InvestingPro analysis, RBC currently trades below its Fair Value, making it an potentially attractive investment opportunity. The bank has maintained dividend payments for an impressive 53 consecutive years.For investors seeking deeper insights into RBC’s financial health and growth prospects, InvestingPro offers comprehensive analysis through its Pro Research Report, available as part of the subscription package covering 1,400+ top US equities.
In other recent news, the Royal Bank of Canada (RBC) reported its second-quarter earnings for 2025, showcasing a mixed financial performance. The bank’s earnings per share (EPS) came in at $3.12, falling short of the forecasted $3.16. However, RBC’s revenue exceeded expectations, reaching $15.67 billion compared to the anticipated $15.63 billion. Despite this revenue beat, the bank’s stock rating was downgraded by National Bank Financial from Outperform to Sector Perform, with a slight reduction in the price target. This downgrade followed concerns over higher Provision for Credit Losses (PCLs) and weaker-than-expected performance in the Capital Markets segment. Additionally, Fitch Ratings affirmed RBC’s creditworthiness, maintaining its Long- and Short-Term Issuer Default Ratings at ’AA-’ and ’F1+’, respectively, with a stable outlook. Fitch also upgraded the Long-Term IDR of RBC’s subsidiary, City National Bank, to ’AA-’ from ’A+’. These developments reflect ongoing challenges in the banking sector, influencing RBC’s financial outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.