For Richard D. Byrd, the opportunity to move into the driver's seat at the wealth management division of City National Bank in Los Angeles was a no-brainer.

It meant moving from the much bigger Wells Fargo private-client services division, where he was the regional executive in charge of Southern California, but "for me, personally," Byrd said, "this was a chance to run an entire division. This was a chance to make the decisions. I was involved in decision-making at Wells, but I was not the ultimate decision maker. I wanted to be more directly involved in making strategic decisions."

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