City National, a subsidiary of Royal Bank of Canada, has appointed a new private banking team in the Golden State.

California-based City National has added a team of five private bankers to its private client services division in Orange County.  

Chris Lee, Steve Stauff, Elisha Skip Torrance, Tom McNair and Teresa Spera have all joined in a variety of roles to serve high net worth individuals and families, and professionals throughout Orange County.

Lee has been named team leader and private client advisor, while Stauff and Torrance will also serve as private client advisors, and McNair and Spera as private client managers.

The team, based in Irvine, will report to Carla Furuno, senior vice president and manager of City National’s Orange County’s private client services division. 

They will also work closely with other areas of the bank, such as City National’s seven branches throughout Orange County, and the commercial banking and real estate services divisions in the region, to help expand the PCS and wealth management client pool.

Lee previously worked at One West Bank, which was just acquired by CIT, as a managing director of its private banking group; Torrance was a vice president and private banker at Morgan Stanley; Stauff was an associate vice president within Wells Fargo Advisors' investments arm; McNair joins from OneAmerica Financial Partners, which acquired City National’s 401(k) business in 2014; and Spera joined from Fidelity Federal Bank, which is now part of US Bank, in 2000. After spending several years in the commercial banking area, she moved to the bank’s PCS division as a lead credit officer in Century City. 

With $36.4 billion in assets, City National Bank – a subsidiary of RBC – provides banking, investment and trust services across Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta.