CHICAGO, Feb. 28, 2012 /PRNewswire/ -- PrivateBancorp,
Inc. (NASDAQ: PVTB) today announced that Brant Ahrens has been named President of
Personal Client Services, a new line of business combining the
Company's services to individuals and families under one unit.
(Photo: http://photos.prnewswire.com/prnh/20120228/CG61220)
Ahrens will assume responsibility for Private Wealth services,
which includes trust, investment management, and private banking,
and will continue to lead the Community Banking group, composed of
retail, small business and mortgage banking. Personal Client
Services joins Illinois Commercial Banking, National Commercial
Banking and Commercial Real Estate in forming the Company's
organizational foundation.
"Over the last four years, we have worked hard and have
successfully established The PrivateBank as a premier commercial
middle market bank," said Larry D.
Richman, President and Chief Executive Officer,
PrivateBancorp, Inc. "During that time, we also have strengthened
our capabilities in serving the banking and wealth management needs
of individuals and families in our markets. We will better serve
the personal needs of the business owners, executives and employees
of our commercial clients by leveraging the combined strengths of
our Personal Client Services team."
Ahrens joined PrivateBancorp in 2007 and was part of the
leadership team working to transform The PrivateBank into a
commercial middle market-focused institution. Prior to The
PrivateBank, Ahrens spent 15 years with LaSalle Bank and its parent
company, ABN-AMRO, in a variety of roles. He holds a bachelor's
degree in finance from the University of
Illinois Urbana-Champaign. He is a member of the Board of
Directors of the Illinois Bankers Association, the Brain Research
Foundation's Associate Board and the Rehabilitation Institute of
Chicago Tree of Life Board.
About PrivateBancorp, Inc.
PrivateBancorp, Inc., through its subsidiaries, delivers
customized business and personal financial services to
middle-market companies, as well as business owners, executives,
entrepreneurs and families in all of the markets and communities we
serve. As of December 31, 2011, the
Company had 34 offices in 10 states and $12.4 billion in assets. Our website is
www.theprivatebank.com.
SOURCE PrivateBancorp, Inc.