Ernest Rady
Chief Executive Officer at AMERICAN ASSETS TRUST, INC.
Net worth: 111 M $ as of 2024-03-30
Profile
Ernest Sylvan Rady is the founder of Westcorp, Inc. (founded in 1971), Insurance Co. of the West (founded in 1971), and American Assets, Inc. (founded in 1967).
He held the title of Chairman & Chief Executive Officer at Westcorp, Inc. from 1973 to 2006.
He is also the Chairman of Insurance Co. of the West from 1971 to the present and the Chairman, President & Chief Executive Officer of American Assets, Inc. from 1967 to the present.
Mr. Rady's current job(s) include being the CEO, CIO & Chief Compliance Officer at American Assets Investment Management LLC since 2002 and the Chairman & Chief Executive Officer at American Assets Trust, Inc. since 2011.
He is also the Chairman of American Assets Trust LP, Chairman of American Assets Capital Advisers LLC, Director of ICW Group Holdings, Inc., Director of CalPrivate Bank, Director of Private Bancorp of America, Inc., Director of Horatio Alger Association of Distinguished Americans, Inc. since 2019, Director of Ensight, Inc., Trustee of The Salk Institute for Biological Studies, Member of Chancellor's Associates, and Trustee-Emeritus of UC San Diego Foundation.
Mr. Rady's former job(s) include being the Chairman & Chief Executive Officer of Western Financial Bank from 1982 to 2006, Chairman of Wells Fargo Dealer Services, Inc. from 1988 to 2006, Chairman-Trustees Board & Treasurer of Rady Children's Hospital & Health Center of San Diego, Director of Wachovia Corp.
from 2006 to 2008, Director of San Diego Private Bank, Director of Coronado First Bank in 2013, Principal of San Diego Padres Baseball Club, Principal of Summit Resources LLC, Trustee of Scripps Health, and Principal of Smith Energy Services, Inc.Mr. Rady's education history includes undergraduate and graduate degrees from the University of Manitoba.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
| 2023-12-05 | 5,053,621 ( 8.30% ) | 111 M $ | 2024-03-30 |
Ernest Rady active positions
| Companies | Position | Start |
|---|---|---|
| AMERICAN ASSETS TRUST, INC. | Chief Executive Officer | 2015-09-13 |
| PRIVATE BANCORP OF AMERICA, INC. | Director/Board Member | - |
CalPrivate Bank
 CalPrivate Bank Regional BanksFinance CalPrivate Bank provides financial services. Its services include demand, savings and time deposit accounts, mortgages and loans. The company was founded on April 10, 2006 and is headquartered in Coronado, CA. | Director/Board Member | - |
UC San Diego Foundation
 UC San Diego Foundation Investment Trusts/Mutual FundsMiscellaneous UC San Diego Foundation specializes in obtaining private gifts in support of research, teaching, and public service, as well as engages in management of gift assets. The company is was founded in 1972 and is headquartered in La Jolla, CA. | Director/Board Member | - |
Horatio Alger Association of Distinguished Americans, Inc.
 Horatio Alger Association of Distinguished Americans, Inc. Miscellaneous Commercial ServicesCommercial Services Horatio Alger Association of Distinguished Americans, Inc. is based in Alexandria. The American company honors outstanding leaders who have achieved remarkable success despite adversity by awarding them the Horatio Alger Award and inducting them as lifetime members. The association also supports young people by providing resources and confidence for them to pursue higher education and overcome adversity. In 2024, they are awarding over $18 million in need-based scholarships to 1,800 students and offering comprehensive support services. The Horatio Alger Association of Distinguished Americans, Inc. is an organization founded in 1947 that believes in the power of hard work, honesty, and determination to overcome obstacles. Lesley Albanese has been the CEO of the company since 2024. | Director/Board Member | 2019-10-09 |
Chancellor's Associates
 Chancellor's Associates Miscellaneous Commercial ServicesCommercial Services Part of University of California, Chancellor's Associates operates as an association. The private company is based in La Jolla, CA. | Corporate Officer/Principal | - |
American Assets Trust LP
 American Assets Trust LP Real Estate Investment TrustsFinance American Assets Trust LP operates as real estate investment trust. It specializes in asset management, property management, property development, leasing, tenant improvement construction, acquisitions, repositioning, redevelopment, and financing. The company was founded on July 16, 2010 and is headquartered in San Diego, CA. | Chief Executive Officer | 1970-12-31 |
American Assets Capital Advisers LLC
 American Assets Capital Advisers LLC Investment ManagersFinance American Assets Capital Advisers LLC (AACA) is an independent, SEC-registered investment advisor headquartered in San Diego, California. Founded in 2013, AACA manages separate accounts and mutual funds for institutions and individuals. focusing on global real estate securities, which include REITs, real estate operating companies, lodging and gaming, housing, land development and real estate services, and real estate finance. | Chairman | - |
American Assets Investment Management LLC
 American Assets Investment Management LLC Investment ManagersFinance American Assets Investment Management LLC (AAIM) is an independent, SEC-registered investment advisor headquartered in San Diego, California. Founded in 2002, AAIM offers discretionary investment advisory services exclusively to qualified investors through pooled investment vehicles and separately managed accounts. | Chief Executive Officer | 2002-07-31 |
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Former positions of Ernest Rady
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Training of Ernest Rady
| University of Manitoba | Graduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 2 |
|---|---|
| AMERICAN ASSETS TRUST, INC. | Finance |
| PRIVATE BANCORP OF AMERICA, INC. | Finance |
| Private companies | 22 |
|---|---|
Wachovia Corp.
 Wachovia Corp. Major BanksFinance Wachovia Corp. provided commercial and retail banking services. It offered personal finance and wealth management services. The company was founded on June 16, 1879 and was headquartered in Charlotte, NC. | Finance |
Westcorp, Inc.
 Westcorp, Inc. Major BanksFinance Westcorp, Inc. provider of commercial, retail banking and trust services. Its services includes providing general banking, capital management, wealth management, investment banking and other brokerage services. The company operated branches in Connecticut, Florida and Texas. It was headquartered in Irvine, CA. | Finance |
Wells Fargo Dealer Services, Inc.
 Wells Fargo Dealer Services, Inc. Finance/Rental/LeasingFinance Wells Fargo Dealer Services, Inc. provides automobile finance services. The firm offers an integrated financial services solution designed for the dealer community. Its services include a broad credit spectrum of indirect auto financing, real estate, and floor plan financing, and an array of commercial banking services to help dealers. The company is headquartered Irvine, CA. | Finance |
American Assets Investment Management LLC
American Assets Investment Management LLC Investment ManagersFinance American Assets Investment Management LLC (AAIM) is an independent, SEC-registered investment advisor headquartered in San Diego, California. Founded in 2002, AAIM offers discretionary investment advisory services exclusively to qualified investors through pooled investment vehicles and separately managed accounts. | Finance |
Insurance Co. of the West
 Insurance Co. of the West Property/Casualty InsuranceFinance Part of American Assets Investment Management LLC, Insurance Co. of the West is a leading national insurance carrier offering workers’ compensation and earthquake insurance, as well as automobile coverage for individuals. The private company is based in San Diego, CA. ICW Group provides workers compensation insurance policies to help create a culture of safety at the right price, and offers fast responses, resolutions, and lower costs for workers compensation claim services. The company was founded by Ernest Sylvan Rady. | Finance |
ICW Group Holdings, Inc.
 ICW Group Holdings, Inc. Property/Casualty InsuranceFinance ICW Group Holdings, Inc. provides fire, marine, and casualty insurance services. The company was founded in 1974 and is headquartered in San Diego, CA. | Finance |
American Assets Trust LP
American Assets Trust LP Real Estate Investment TrustsFinance American Assets Trust LP operates as real estate investment trust. It specializes in asset management, property management, property development, leasing, tenant improvement construction, acquisitions, repositioning, redevelopment, and financing. The company was founded on July 16, 2010 and is headquartered in San Diego, CA. | Finance |
| Western Financial Bank | Finance |
Rady Children's Hospital & Health Center of San Diego
 Rady Children's Hospital & Health Center of San Diego Hospital/Nursing ManagementHealth Services Rady Children's Hospital and Health Center of San Diego provides healthcare services. The firm offers nephrology, cardiology, dermatology, hematology, urology, radiology, and oncology services. The company was founded in 1954 and is headquartered in San Diego, CA. | Health Services |
San Diego Padres Baseball Club
 San Diego Padres Baseball Club Movies/EntertainmentConsumer Services San Diego Padres Baseball Club operates as an American professional baseball franchise. The company was founded in 1969 and is headquartered in San Diego, CA. | Consumer Services |
American Assets, Inc.
 American Assets, Inc. Real Estate DevelopmentFinance American Assets, Inc. operates as a real estate company. It owns, operates, acquires and develops retail and office properties. The company was founded in 1967 and is headquartered in San Diego, CA. | Finance |
San Diego Private Bank /Old/
 San Diego Private Bank /Old/ Regional BanksFinance San Diego Private Bank offers personal and commercial banking services. It offers personal money management, private & business financing, credit cards & merchant services, and wealth management investment services. The company was founded on August 3, 2006 and is headquartered in La Jolla, CA. | Finance |
Summit Resources LLC
 Summit Resources LLC Miscellaneous Commercial ServicesCommercial Services Summit Resources LLC provides marketing services to automotive manufacturers and dealers. The firm specializes in data analytics, multi-channel marketing, AI-powered audience identification, omni-channel marketing automation and multi-touch attribution. The company was founded by Jonathan H. Lucenay in September 1999 and is headquartered in Cumming, GA. | Commercial Services |
Scripps Health
 Scripps Health Hospital/Nursing ManagementHealth Services Scripps Health is a non-profit organization that operates a group of health care units. It offers medical, surgical, wellness, research and support services, primary, urgent and emergency, hospice and health care, and health education classes. The company was founded by Ellen B. Scripps in 1924 and is headquartered in San Diego, CA. | Health Services |
Smith Energy Services, Inc.
 Smith Energy Services, Inc. Oil & Gas PipelinesIndustrial Services Smith Energy Services, Inc. provides mid-stream pipeline maintenance and production services to natural gas. It offers new pipeline construction, pipeline replacement and rehabilitation, hydro testing, directional drilling and road boring, meter and regulator station fabrication and installation and coating repairs. The company was founded by Michael Edward Smith and Smith Judith L. in 1988 and is headquartered in Carthage, TX. | Industrial Services |
Coronado First Bank
 Coronado First Bank Regional BanksFinance Coronado First Bank is a community oriented commercial bank, which offers a variety of banking services to individuals and small businesses in the City of Coronado, as well as San Diego and surrounding communities. Its offerings include real estate, commercial and consumer loans; consumer and business checking accounts, savings accounts, and certificates of deposit; merchant banking, money transfers and other services. Coronado First Bank was founded in April 18, 2006 and is headquartered in Coronado, CA. | Finance |
CalPrivate Bank
CalPrivate Bank Regional BanksFinance CalPrivate Bank provides financial services. Its services include demand, savings and time deposit accounts, mortgages and loans. The company was founded on April 10, 2006 and is headquartered in Coronado, CA. | Finance |
American Assets Capital Advisers LLC
American Assets Capital Advisers LLC Investment ManagersFinance American Assets Capital Advisers LLC (AACA) is an independent, SEC-registered investment advisor headquartered in San Diego, California. Founded in 2013, AACA manages separate accounts and mutual funds for institutions and individuals. focusing on global real estate securities, which include REITs, real estate operating companies, lodging and gaming, housing, land development and real estate services, and real estate finance. | Finance |
Horatio Alger Association of Distinguished Americans, Inc.
Horatio Alger Association of Distinguished Americans, Inc. Miscellaneous Commercial ServicesCommercial Services Horatio Alger Association of Distinguished Americans, Inc. is based in Alexandria. The American company honors outstanding leaders who have achieved remarkable success despite adversity by awarding them the Horatio Alger Award and inducting them as lifetime members. The association also supports young people by providing resources and confidence for them to pursue higher education and overcome adversity. In 2024, they are awarding over $18 million in need-based scholarships to 1,800 students and offering comprehensive support services. The Horatio Alger Association of Distinguished Americans, Inc. is an organization founded in 1947 that believes in the power of hard work, honesty, and determination to overcome obstacles. Lesley Albanese has been the CEO of the company since 2024. | Commercial Services |
Chancellor's Associates
Chancellor's Associates Miscellaneous Commercial ServicesCommercial Services Part of University of California, Chancellor's Associates operates as an association. The private company is based in La Jolla, CA. | Commercial Services |
UC San Diego Foundation
UC San Diego Foundation Investment Trusts/Mutual FundsMiscellaneous UC San Diego Foundation specializes in obtaining private gifts in support of research, teaching, and public service, as well as engages in management of gift assets. The company is was founded in 1972 and is headquartered in La Jolla, CA. | Miscellaneous |
Ensight, Inc.
 Ensight, Inc. Information Technology ServicesTechnology Services Ensight, Inc. provides cyber security services. The private company is based in Stafford, TX. The company was founded in 2007 by Mark Lilie. Mark Lilie has been the CEO since 2007. | Technology Services |
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