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PVTB Launches New Unit, Appoints New Leader

In Illinois, ""PrivateBancorp, Inc. (PVTB)"":www.theprivatebank.com/, has named a new president of personal client services. The financial institution recently appointed Brant Aherns to the leadership role, which marks the launch of a new line of business for PVTB.


Through the new company division, PVTB will combine the company's offerings to serve individuals and families under one unit. The personal client services initiative will join the Illinois commercial banking, national commercial banking, and commercial real estate components as part of the bank's organizational foundation.

In his role as president of the unit, Aherns will be responsible for all private wealth services including trust, investment management, and private banking. Aherns will also continue to lead the community banking group for PVTB's retail, small business, and mortgage banking activities.

Aherns has been a part of PVTB since 2007 as a member of the team working to transform the company's private bank into a commercial, middle market-focused institution. Prior to joining PVTB, Aherns spent 15 years with ""LaSalle Bank"":en.wikipedia.org/wiki/LaSalle_Bank and its parent company ""ABN-AMRO"":www.abnamro.com/ in diverse roles.

Larry D. Richman, president and CEO of PVTB, said of the company's decision to hire Aherns, ""Over the last four years, we have worked hard and have successfully established The PrivateBank as a premier commercial middle market bank. During that time, we also have strengthened our capabilities in serving the banking and wealth management needs of individuals and families in our markets.""

Continuing his statements, Richman added, ""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.""

About Author: Abby Gregory


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