Board of Directors of PrivateBancorp, Inc.
James M. Guyette is Chairman of the Board of PrivateBancorp, Inc. and has been a director since 1990. He is chairman, president and chief executive officer of Rolls Royce North America, Inc. Mr. Guyette served as executive vice president of UAL Corporation, the parent company of United Air Lines, Inc., from 1985 to 1995 when he retired after more than 25 years of employment with that company. He is currently a director of Priceline.com, and serves on multiple civic boards including as chairman of the board of the Smithsonian National Air and Space Museum and a member of the board of directors of the U.S. Chamber of Commerce.
Larry Richman is President and Chief Executive Officer of PrivateBancorp, Inc., and The PrivateBank, a wholly owned subsidiary of PrivateBancorp. Since assuming the leadership role at PrivateBancorp in November 2007, Mr. Richman has been directing the execution of a strategic plan designed to build the hometown Chicago bank of choice for middle-market commercial and commercial real estate companies, as well as business owners, entrepreneurs, executives and families.
With a strong belief that the value of a company lies in the strength of its people, Mr. Richman and his team work together to provide a comprehensive suite of commercial banking, treasury management, investment products, capital markets, personal and private banking and trust and investment services through a relationship-based business model.
Mr. Richman has spent 30 years in banking and joined PrivateBancorp from LaSalle Bank N.A. where he was President and Chief Executive Officer as well as President of LaSalle Bank Midwest. He began his career at American National Bank and joined Exchange National Bank of Chicago in 1981 until its acquisition by LaSalle.
He is on the Dean’s Advisory Council at Indiana University’s Kelley School of Business, where he earned his MBA, and is a past Trustee of Bradley University in Peoria, Illinois, where he earned his bachelor’s degree. He also holds an advanced certificate from Stanford University in credit and financial management and is a Board member of Northwestern University’s Kellogg School of Management.
Mr. Richman is very active in many civic, philanthropic and governance activities. Richman serves on the boards of Northwestern Memorial Hospital, the Big Shoulders Fund, Museum of Science and Industry, the Ravinia Festival Association, Chicago Chamber of Commerce, the Terra Foundation of American Art, and the Executives’ Club of Chicago, as well as the After School Matters advisory board and UCAN President’s Board. He is a member of the Financial Services Roundtable, and, in 2008, he was appointed to the Economic Club of Chicago’s Board of Directors. Additionally, he is a member of the Commercial Club of Chicago and the Bankers Club of Chicago. In 2012, he was appointed to the Board of World Business Chicago, which was created by Mayor Rahm Emanuel to promote the benefits of doing business in the Chicago area to business peers worldwide.
Mr. Richman has received a number of civic and charitable awards. Among them, he was named to the Academy of Alumni Fellows for the Kelley School of Business at Indiana University and he received the Civic Achievement Award from the American Jewish Committee, the Humanitarian Award from the Illinois Holocaust Museum & Education Center and the Spirit of Erikson Institute Award.
Norman R. Bobins is chairman of Norman Bobins Consulting, LLC (NBC), which provides financial consulting services to various clients.
Prior to founding NBC in 2008, Mr. Bobins spent 40 years in banking. He began his career at American National Bank and Trust Company in 1967. In 1981, he joined Exchange National Bank, which was acquired by LaSalle Bank. He retired from LaSalle Bank Corporation as chairman, president and chief executive officer in 2007.
Mr. Bobins currently serves as the non-executive chairman of The PrivateBank and Trust Company and non-executive chairman of the board of Transco, Inc. He also serves on the corporate boards of AAR CORP., AGL Resources, Inc., RREEF America REIT II, Inc. and Sims Metal Management.
Mr. Bobins was appointed to the board of directors of World Business Chicago in 2011 by Mayor Emanuel. He is a former member of the Board of Education of the city of Chicago, having been appointed by Mayor Daley for four consecutive four-year terms. He is chairman of the board of trustees of WTTW Communications, Inc. and vice chairman of the Auditorium Theatre Board. He is also a member of the boards of directors of the Brain Research Foundation, The Field Museum, Illinois Sports Facilities Authority, Navy Pier, Inc., The Newberry Library, the Wisconsin Alumni Research Foundation and the United States Holocaust Memorial Council. In addition, he is a Life Member of the University of Chicago Booth School of Business. He is the former chairman of the board of the Chicagoland Chamber of Commerce.
Mr. Bobins has received numerous awards including the 1992 Human Rights Medallion from the American Jewish Committee, the 2003 University of Chicago Graduate School of Business’ Distinguished Corporate Alumnus Award, the 2004 Arts Legend Award for an Advocate from the Illinois Arts Alliance Foundation, the 2005 Harvard Business School Club of Chicago Business Statesman Award, the 2007 Chicagoland Chamber of Commerce’s Daniel H. Burnham Distinguished Leadership Award, the 2007 Order of Lincoln, the state of Illinois’ highest award, and the 2012 Woodrow Wilson Award for Corporate Citizenship.
Mr. Bobins earned his B.S. from the University of Wisconsin in 1964 and his M.B.A. from The University of Chicago in 1967.
Robert F. Coleman has been a director since 1990. Mr. Coleman is a principal and founder of Coleman Law Firm, a law firm located in Chicago, Illinois. He concentrates his practice on complex commercial litigation. Before founding the Coleman Law Firm, Mr. Coleman was a partner at the firm of Freeman, Atkins & Coleman and served as both an assistant attorney general and assistant chief of the State of Illinois, Antitrust Division.
James Nicholson has been a director since July 2009. Mr. Nicholson is president and chief executive officer of PVS Chemicals, Inc., an international manufacturer, distributor and marketer of chemicals and related environmental services based in Detroit, Michigan. Before joining PVS in 1972, Mr. Nicholson held positions with First National Bank of Chicago in London, England and Dublin, Ireland. From April 2005 until October 2007, Mr. Nicholson was Chairman of the Board of LaSalle Bank Midwest, N.A.
Ralph B. Mandell is Chairman Emeritus and co-founder of PrivateBancorp, Inc. He had served as Chairman, Chief Executive and President until November 2007, when he turned over the President and CEO role to Larry D. Richman.
Mandell led PrivateBancorp’s growth from a start-up in 1989 through its initial public stock offering in 1999 to a Company with over $6 billion in assets and 22 offices when he relinquished day-to-day oversight. In 2007, Mandell was named Entrepreneur of the Year for the Lake Michigan Area by Ernst & Young.
Prior to organizing PrivateBancorp in 1989, Mandell, who has been in the banking industry for over 45 years, was President of First United Financial Services, Inc., which was acquired by the former First Chicago Corporation in 1987.
Active in numerous civic and charitable affairs, he is a member of the Board of Directors of The One Hundred Club, Chicago; The Chicago Anti-Defamation League; and, the Midwest Region of Operation HOPE. He is a past president of The Bankers Club of Chicago and for 24 years a Board member and Vice Chairman of Gottlieb Health Resources. Mandell received the 2009 Americanism Award from the Anti-Defamation League of Chicago and he was the 2007 recipient of the Operation HOPE Chairman’s Award for his part in leading the Bank in recruiting volunteers to teach the basics of financial literacy to over 800 Chicago area students. He has also been honored by Keshet, which provides schooling for developmentally disabled children, for his outstanding service and longstanding support of the organization.
Mandell is a graduate of the University of Illinois, Urbana-Champaign.
Cheryl Mayberry McKissack
Cheryl Mayberry McKissack has been a director since December 2003. She is the chief operations officer of Johnson Publishing Company and president of JPC Digital. Ms. Mayberry McKissack was the founder, president and CEO of NIA Enterprises, LLC, a Chicago-based online research, marketing and digital consulting firm. Prior, she served as worldwide senior vice president and general manager of Open Port Technology and was vice president for the Americas and a founding member of the Network Systems Division for 3Com (formerly U.S. Robotics). She currently serves on the board of directors of Deluxe Corporation, a business services and product provider, where she serves on the corporate governance and audit committees. Ms. Mayberry McKissack serves as a director of the University of Chicago Medical Center, the Gaylord and Dorothy Donnelley Foundation, the Shedd Aquarium and the Chicago Public Library Foundation. In 2005, she was named as an Associate Adjunct Professor of Entrepreneurship at Kellogg School of Business, Northwestern University.
Edward Rabin Jr.
Edward W. Rabin, Jr. has been a director since December 2003. Mr. Rabin served as president of Hyatt Hotels Corporation from 2003 until his retirement in 2006. Between 1989 and 2003, Mr. Rabin served as executive vice president for Hyatt Hotels Corporation, and added the title of chief operating officer in 2000. Prior to his appointment in 1985 as senior vice president, Mr. Rabin held various Hyatt Hotels Corporation vice president positions. Mr. Rabin is a director of Sally Beauty Holdings (NYSE: SBJ), a beauty supply distributor, where he serves on the compensation and nominating and corporate governance committees. He is currently a member of the board of trustees of the Museum of Contemporary Art of Chicago.
Collin Roche is a Principal of GTCR, which he joined in 1996. Previously, Mr. Roche was an associate at EVEREN Securities in Chicago and an analyst at Goldman, Sachs & Co. in New York City. He received a BA in Political Economy from Williams College and an MBA from Harvard Business School, where he was a Baker Scholar and Henry Ford II Scholar.
Mr. Roche serves on the boards of directors of Protection On, an electronic security company, BNY ConvergEx Group, an investment technology company, Aligned Asset Manager, an investment management company, Fundtech Inc., a financial technology company, and Premium Credit Limited, a payment facilitation and financing servicing company. He also serves on the non-profit board of the Lyric Opera of Chicago.
William R. Rybak has been a director since December 2003. Mr. Rybak retired from VanKampen Investments, Inc. in 2000, where he served as executive vice president and chief financial officer since 1986. Mr. Rybak was previously a partner with the accounting firm of KPMG LLP (formerly Peat, Marwick, Mitchell & Co.) since 1982, and is a certified public accountant. He is currently a member of the board of trustees of Jackson National Life Funds and the Calamos Mutual Funds, and a member of the board of directors of Christian Brothers Investment Services, Inc. Mr. Rybak previously served as a member of the board of directors of Howe Barnes Investments, Inc., an investment services firm located in Chicago, and previously served as a director of Alliance Bancorp, Inc. and its predecessor, Hinsdale Financial Corp., from 1986 until 2001. He serves on the board of directors of Lewis University.
Alejandro Silva is chairman of the board and chief executive officer of Evans Food Group, Ltd., Chicago, the largest Hispanic-owned company in the Chicagoland area. Mr. Silva currently serves as a director of Walgreen Co. He serves of the boards of directors of the Chicago Transit Authority, Chicago Museum of Science and Industry and the Chicago Council of Global Affairs, as well as other civic organizations in the Chicago area.
Executive Managing Director and President of Personal Client Services
Brant Ahrens is Executive Managing Director and President of Personal Client Services for The PrivateBank. He manages the delivery of all personal, private, mortgage and small business banking, as well as trust and investment management services. He also leads the human resources and marketing and communications groups. Ahrens serves on the Operating Committee, which drives key strategic decisions for the Company under the direction of the Chief Executive Officer.
Prior to joining The PrivateBank in October 2007, Ahrens was Group Senior Vice President and head of LaSalle Bank’s Financial Institutions Group. In this capacity, Ahrens covered mid and small cap banks on a national basis primarily providing acquisition financing, cash management and capital markets solutions. Having spent his entire 15 year career at LaSalle Bank, he has also had experience in risk management, strategic development and was head of International Corporate Banking. He joined The PrivateBank as Chief Strategy Officer, later added the role of Chief Marketing Officer and served as Chief Operating Officer from October 2009 to February 2012.
Ahrens is on the Board of Directors of the Illinois Bankers Association. He is a member the Rehabilitation Institute of Chicago Foundation Board and the Board for the Brain Research Foundation. He holds a bachelor’s degree in finance from the University of Illinois Urbana-Champaign.
Executive Managing Director and President of Commercial Real Estate
Karen Case is Executive Managing Director and President of Commercial Real Estate for The PrivateBank. She oversees the group that develops and manages banking relationships with dynamic and growing commercial real estate developers, investors, owners and operators based in markets where The PrivateBank is located. Case is a member of The PrivateBank’s Executive Committee and Loan Committee.
Case has over 29 years of experience in financial services and joined The PrivateBank in 2007. Prior to joining The PrivateBank, she was Executive Vice President in LaSalle Bank’s Commercial Real Estate Department, and most recently was responsible for serving real estate companies based in Illinois. She was also responsible for launching the Corporate Real Estate Group, which banked national real estate companies, opportunity funds, and pension funds and advisors, and for the start-up of loan production offices in St. Louis, Kansas City and Denver. Prior to joining LaSalle in 1992, Case established and managed the Midwest real estate loan production office for New York-based Marine Midland Bank. Prior to that, she was responsible for managing banking relationships with Midwest-based real estate development and syndication firms at The First National Bank of Chicago.
Case received her Bachelor of Science in Business Administration from Washington University, St. Louis, Missouri, and MBA from the University of Chicago. She attended the University of London and the American College in Paris. She is a member of The Economic Club of Chicago; the Urban Land Institute (Commercial and Retail Development Silver Council); the Chicago Network (Financial Services Membership subcommittee chair); the International Council of Shopping Centers; Commercial Real Estate Women Network; and Fellow, Class of 1996-97, of Leadership Greater Chicago. She is President of the Board of Directors and Executive Committee for the Juvenile Diabetes Research Foundation (JDRF), Illinois Chapter.
Jennifer R. Evans
Executive Managing Director and General Counsel and Corporate Secretary
Jennifer R. Evans is Executive Managing Director and General Counsel and Corporate Secretary for The PrivateBank. She is a member of the Operating Committee and Executive Committee. As General Counsel, Evans is responsible for managing all of the organization’s legal affairs and providing counsel to the Chief Executive Officer and Board of Directors on strategic initiatives, capital markets activities, corporate and regulatory compliance and executive compensation.
Prior to joining The PrivateBank in 2010, Evans was engaged as a consultant to various financial institutions, bank audit committees and public companies regarding compliance, regulatory and disclosure matters. From 2004 to 2007, she was Executive Vice President and General Counsel for MAF Bancorp, Inc., a NASDAQ-listed company, and its subsidiary Mid America Bank, an $11 billion community banking organization operating in the Chicago and Milwaukee areas. Evans spent over 20 years in the private practice of law with Vedder Price P.C., a Chicago-based law firm, where she was the partner in charge of its corporate securities practice group. She represented a broad range of public companies, financial institutions and investment banking firms regarding capital raising transactions, strategic advisory matters, mergers and acquisitions, corporate governance, public company compliance and financial disclosures, and other general corporate matters.
Evans received her undergraduate degree in economics from Brown University and her Juris Doctorate from Boston University School of Law. She is admitted to the Illinois and U.S. Supreme Court bars and is a member of the American Bar Association, the Economic Club of Chicago and The Chicago Club.
Evans served on the board of directors and the audit and asset-liability management committees of Evergreen Bank Group, Oak Brook, Illinois, from 2008 to 2009. She was a former director of the Chicago Finance Exchange and the Chicago Child Care Society.
Executive Managing Director and President of National Commercial Banking and Regional Markets
Bruce Hague is Executive Managing Director and President of National Commercial Banking and Regional Markets for The PrivateBank. In this role, he oversees implementation of the Company’s strategy in eight national markets – Colorado, Georgia, Iowa, Michigan, Minnesota, Missouri, Ohio and Wisconsin. He joined The PrivateBank in October 2007.
Previously, Hague was Executive President of National Commercial Banking for LaSalle Bank, N.A., responsible for overseeing 23 regional banking offices, including all commercial regional offices located throughout the United States, and International Corporate Banking. He was also responsible for LaSalle National Leasing, Corporate Finance and ESOPs. Prior to joining LaSalle in February 1992, Hague worked with two Chicago area groups in mergers and acquisitions. In addition, he gained extensive banking finance and business experience as a commercial lender with American National Bank of Chicago for 11 years.
Hague is a member of the Northwestern University Alumni Association and serves on the Boards of Directors for the Daniel J. Murphy Scholarship Foundation, the Chicago Lighthouse for the Blind and Children’s Memorial Medical Center. He earned a bachelor’s degree in economics from the University Illinois Urbana-Champaign and a master’s degree in Management, Finance and Accounting from Northwestern University J.L. Kellogg Graduate School Management.
Executive Managing Director and Chief Financial Officer
Kevin M. Killips is Executive Managing Director and Chief Financial Officer for The PrivateBank. In this role, Killips is responsible for the financing planning, treasury, accounting, reporting and management functions for the Company. He also oversees comprehensive operations, including information technology.
Killips most recently served as Senior Vice President, Chief Accounting Officer and Corporate Controller with Discover Financial Services since March 2008, responsible for comprehensive accounting, reporting, planning and tax functions. Prior to that, Killips worked for nearly 10 years at LaSalle Bank and its then-parent company, ABN AMRO, serving as Executive Vice President, North American Chief Accounting Officer and Corporate Controller. He also was director of Internal Audit, and then Vice President-Finance at Transamerica Corporation. Killips began his career at Ernst & Young, where he served from 1979-1993.
Killips serves as vice chair of the Board of Trustees for Dominican University.
Executive Managing Director and President of Illinois Commercial Banking
Bruce Lubin is Executive Managing Director and President of Illinois Commercial Banking for The PrivateBank. In this role he oversees the teams delivering commercial banking services to Illinois-based companies, as well as national companies with the Company’s Specialized Industry Groups.
Lubin has over 30 years of experience in financial services and joined The PrivateBank in 2007. He most recently held the role of Executive Vice President and Head of Illinois Commercial Banking Group for LaSalle Bank, N.A., which consisted of 37 divisions. Prior to that, he was with The Exchange National Bank of Chicago. Lubin began his career in commercial lending at American National Bank of Chicago.
Lubin received both his bachelor’s degree and MBA from the University of Connecticut. He serves as President of the Board of Stevenson High School District 125, is Vice Chairman on the Board of the Gateway for Cancer Research, and participates on the Board for Gilda’s Club of Chicago and the American Jewish Committee.
Kevin Van Solkema
Executive Managing Director and Chief Credit Risk Officer
Kevin Van Solkema is Executive Managing Director and Chief Credit Risk Officer for The PrivateBank. He is responsible for the loan committee approval process, credit risk monitoring and control, loan workout, and credit data analytics and reporting.
Prior to joining The PrivateBank in 2008, Van Solkema spent seven years in various risk management roles with Chicago-based LaSalle Bank and its parent company, ABN AMRO. He most recently served as the Deputy Chief Credit Officer for LaSalle Bank and was responsible for credit approval working with the company’s lending units to evaluate and approve extensions of credit to achieve sustainable portfolio quality and earnings growth. Other roles included leading the commercial credit approval team and overseeing the Commercial Risk Management unit; serving as Head of Consumer Risk Management for North America at ABN AMRO/LaSalle Bank responsible for all credit and operational risk management activities for ABN AMRO Mortgage Group, LaSalle Bank’s Consumer Lending and portfolio mortgage unit.
Van Solkema earned a bachelor’s degree in accounting from Grand Valley State University and MBA in finance from Michigan State University.
Executive Managing Director and Chief Risk Officer
Leonard Wiatr is Executive Managing Director and Chief Risk Officer for The PrivateBank. He oversees non-credit-related risk management activities including compliance and regulatory affairs, loan review, operational risk management and enterprise risk management. He also is a member of the Executive Committee.
Prior to joining The PrivateBank in March 2008, Wiatr served at ABN AMRO and its subsidiary LaSalle Bank Corp. as Executive Vice President, where his duties included developing and implementing an enterprise-wide compliance program. Previously, Wiatr held the role of Examiner-In-Charge for Large Bank Supervision for the Office of the Comptroller of the Currency. His responsibilities included examining large and mid-size banking institutions and reporting to the Board of Directors on regulatory issues.
Wiatr received his bachelor’s degree in business administration from St. Joseph’s College, in Rensselaer, Indiana, and is a graduate of the University of Wisconsin Graduate School of Banking, in Madison, Wisconsin.
120 South LaSalle Street
Chicago, IL 60603
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