City National Bank Names Verna Grayce Chao to Head Treasury Services
Verna Grayce Chao has been promoted to executive vice president and head of City National's Treasury Services division. Verna has served as general manager of Datafaction for the past two years. She succeeds Jim Daley, who retired from the bank after more than a decade.
In her new role, Verna will oversee a department of more than 200 colleagues, taking responsibility for City National's commercial deposit products and continuing to oversee Datafaction.
"Verna Grayce is a highly skilled executive who has built a strong track record of success here at City National," Chris Warmuth, President of City National Bank said. "In addition to assembling an outstanding team, she spearheaded the development of a premier financial solution that seamlessly integrates accounting, bill pay, online banking, and treasury capabilities for business managers and high-net-worth clients."
This is great news for Verna Grayce, Datafaction and our clients. As part of this move Verna Grayce has recently promoted Asher Adler to lead the Product Management function at Datafaction. Asher has nearly a decade of experience at Datafaction and has been a strong advocate for our clients.