City National Bank announced that Cathy Chiavetta has joined its Capital Finance team, which provides asset-based loans to qualified commercial borrowers. Chiavetta will serve as a senior vice president and relationship manager, reporting to Martin Chin, senior vice president and the group’s manager. She will be responsible for sourcing and underwriting both large syndicated transactions as well as club deals and will be based in New York.

“We’re very pleased to have Cathy join our team,” said Chin. “She is well-known and well-respected in the industry and brings with her a number of strong relationships that will allow City National to continue its growth in the asset-based lending business. Her location in New York expands the Capital Finance team’s geographic presence to the east coast.”

Chiavetta brings to City National over 20 years of asset-based and cash flow lending experience. She most recently served as a managing director at Z Capital Partners, where she was responsible for identifying, analyzing and sourcing distressed senior secured debt investments. Chiavetta previously held sales, capital markets and underwriting roles at Banc of America Securities, CIT Group and TD Securities, respectively.