Marcelo Brutti has joined City National Bank, a subsidiary of Royal Bank of Canada, as executive vice president and chief risk officer.
Brutti will report to City National’s Chief Executive Officer Kelly Coffey and David Downie, RBC’s chief risk officer for the U.S. He also will serve on the bank’s executive committee.
Brutti will design, implement and lead the bank’s risk management and compliance programs, which support business growth strategies, protect the institution, and meet market and U.S. regulatory requirements.
“We are pleased to welcome Marcelo to RBC and City National,” said Downie. “His leadership and deep industry expertise will add to the bench strength of our team as we continue to build on the success of our U.S. platform across City National, Capital Markets and Wealth Management and deliver on our goal of being the preferred partner to corporate, institutional and high-net-worth clients and their businesses in the U.S.”
Prior to joining City National, Brutti served as chief risk officer at Hyundai Capital America. He has also had roles at Santander Bank, TD Bank and Wells Fargo, where he held credit administration and risk management positions in a number of locations, including his country of birth, Argentina.