CHICAGO, June 9 /PRNewswire-FirstCall/ -- PrivateBancorp, Inc. (Nasdaq: PVTB) today announced that Kristine Garrett is named Managing Director and Head of The PrivateWealth Group at The PrivateBank, overseeing all wealth management and private banking activities.
Garrett joined The PrivateBank to oversee private banking in 2009 after a 20-year career with JP Morgan Chase, where she most recently was a senior executive on the national leadership team for private client services. In her new role, she will be responsible for private banking, trust and custody services and investment management, including oversight of the Lodestar, LLC, subsidiary. She will lead teams providing all aspects of business development and delivery for The PrivateBank's wealth management activities.
"Kris has shown tremendous leadership in ensuring we are capitalizing on all opportunities to deliver our strong wealth management and private banking services to new clients or by expanding the relationships with existing clients," said Larry D. Richman, President and Chief Executive Officer, PrivateBancorp, Inc. "As we continue to focus on deepening our client relationships, she will work with her colleagues in our other business segments to offer our clients access to the broad range of services under The PrivateBank umbrella, as well as surfacing opportunities to introduce The PrivateWealth Group clients to our commercial banking offering."
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 March 31, 2010, the Company had 34 offices in 10 states and $12.8 billion in assets. Our website is www.theprivatebank.com.
SOURCE PrivateBancorp, Inc.