City National Bank’s downtown expansion comes prominent signage.
The bank, a subsidiary of Montreal-based Royal Bank of Canada, will not only take over 11 stories in the 2CAL building on Bunker Hill at 350 S. Grand Ave., but also will have the structure renamed as City National 2CAL, replete with its logo adorning on the 52-story skyscraper.
The new signage will give City National two buildings sporting the bank’s logo downtown – the institution’s headquarters office is blocks away at City National Plaza at 555 S. Flower St.
“Our decision to expand into City National 2CAL – including the addition of a second sign to the skyline – reflects both our continuing commitment to Los Angeles and the strong growth of City National Bank since its merger with RBC in 2015,” Russell Goldsmith, chairman and chief executive of City National Bank and chairman of RBC Wealth Management-U.S., said in a statement.
Some 800 bank personnel are in the process of moving into the new space, where renovations are still underway. A total of 1,600 City National employees will ultimately work out of the new offices. The company has 2,100 employees in downtown currently, and is looking to hiring several hundred more, according to a spokeswoman.
The expansion downtown comes in addition to recent City National office openings in Minneapolis, Boston and Washington, D.C.
R&C International Expansion
Public relations firm Rogers & Cowan Inc. expanded its stake in fashion with the May 10 announcement that it has acquired ITB Worldwide, a London entertainment marketing agency with high-profile clothing companies and individual, European-based talent on its client roster.
Terms were not disclosed on the deal, and ITB Worldwide will keep its name. Rogers & Cowan has made its mark with top-selling rock musicians such as the Rolling Stones and Katy Perry.
The Century City-based firm company will now oversee public relations for H&M, Mango, Lacoste and Chivas Regal among other ITB Worldwide clients.
Also new to the Rogers & Cowan fold are illustrator Hattie Stewart, bag and accessory designer Katie Hillier and Orla Kiely, who designs hats and kitchenware among other products.
“Over the last nine years, ITB has shown their expertise in the fashion and influencer space, creating award winning campaigns with cutting edge influencers and designers for their great roster of brand and creative clients,” Mark Owens, Rogers and Cowan’s chief executive said in a statement.
StoneCalibre Adds U.K. Biotech
Century City-based private equity firm StoneCalibre added two biotech firms to its portfolio of companies last week.
The investment firm picked up Protein Ark and BioServUK, both of Sheffield, England, for its life sciences arm, CalibreScientific Inc. Terms of the deals were not disclosed.
“We are excited to add BioServUK and Protein Ark to the portfolio as they enable CalibreScientific to expand its capabilities in the specialty protein and antibody space,” CalibreScientific Chief Executive Ben Travis said in a statement. “The acquisition further bolsters our presence in the United Kingdom and provides a strong foundation to service our customers across Europe.”
Protein Ark develops products that help in biotech sample preparation, as well as other services. BioServUK is a biotech contractor that does specialized research and manufacturing. It has expertise in developing and processing bio-molecules, particularly antibodies, for biotech and pharmaceutical companies, among others.
Pasadena’s Premier Picked Up
Pasadena-based pediatric service provider Premier Healthcare Service was purchased last week by Aveanna Healthcare of Atlanta. Financial details of the deal were not disclosed.
Premier, founded in 2005, operates 21 healthcare centers in California and has additional operations in Colorado and Texas. It also serves 12,000 patients through its behavioral health program.
“Premier Healthcare Services is the largest and most respected provider of hourly skilled home health and Behavioral Health Benefit Administration Services to medically complex pediatric patients and their families in California,” Rod Windley, executive chairman of Aveanna, said in a statement.
Have a deal tip? Henry Meier can be reached at [email protected] or (323) 556-8321.
