William D. Black, CFA

Managing Director, Senior Portfolio Manager

Mr. Black joined City National Rochdale in March 2016 and has over 33 years of experience in the municipal bond industry. He is the Senior Portfolio Manager for the City National Rochdale High Income Municipal Bond Fund.

Most recently, Mr. Black was employed at Invesco, where he was co-lead portfolio manager for the $7.5 billion Invesco High Yield Municipal Bond Fund from 2008 until December 2015. From 1998 until 2008 he was a municipal bond analyst specializing in high yield securities at Van Kampen Investments and Invesco (after it acquired Van Kampen). Prior to joining Van Kampen, he was an investment banker specializing in municipal bonds, beginning in 1984.

Mr. Black earned his BS in Engineering and Public Policy from Washington University in St. Louis and an MBA from the Kellogg Graduate School of Management at Northwestern University, specializing in Finance and Public Management. He has received numerous awards from his peers (Smith’s Research) for his credit work, was the keynote speaker for the National Federation of Municipal Analyst (NFMA) 2014 High Yield Municipal conference, and has been quoted in a number of periodicals. He holds the Chartered Financial Analyst® designation and is a member of the CFA Institute, and is also a member of the National Federation of Municipal Analysts. Mr. Black is an avid traveler and enjoys exploring new places all over the world.

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