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 retired as chairman, president and chief executive officer of Rolls Royce North America, Inc., in 2015. 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. Richman leads a team that is building a very important commercial bank in Chicago and the Midwest, growing from $5 billion to over $16 billion in assets over the last 7-1/2 years with strong, consistent financial strength and profitability. The bank’s 1,100 employees work together to serve entrepreneurial businesses, their owners and employees, and to help make our neighborhoods and communities stronger.
The PrivateBank’s mission is to deliver compelling banking solutions that advance the goals of its clients; promote the stability of its communities; and enhance the lives of its employees; thereby creating value for its shareholders. The company’s success is built on a focus to create custom product solutions with high-touch service in order to build lasting relationships with clients.
Richman has spent over 30 years in banking and joined PrivateBancorp in November 2007 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 Life Time Advisory Board member at Northwestern University’s Kellogg School of Management.
Richman is very active in many civic, philanthropic and governance activities. He serves on the boards of Northwestern Medical Group, Big Shoulders Fund, Chicago Urban League, James Tyree Foundation, Museum of Science and Industry, 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, the Commercial Club of Chicago and its Civic Committee, and the Bankers Club of Chicago, and is a past member of the Economic Club of Chicago’s Board of Directors. 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.
Richman has received a number of civic and charitable awards. Among them, he received the American Diabetes Association’s Father of the Year Award, the Humanitarian Award from the Illinois Holocaust Museum & Education Center and the Spirit of Erikson Institute Award. He also was named to the Academy of Alumni Fellows for the Kelley School of Business at Indiana University and received the Civic Achievement Award from the American Jewish Committee.
He and his wife, Corky, have four grown children and three grandchildren, all of whom live in Chicago.
Diane Aigotti joined as director in July 2015. She has served as managing director and chief financial officer of Ryan Specialty Group, LLC, a Chicago-based global insurance organization, since its founding in 2010. Prior to that, she spent nearly eight years at Aon Corp. as its senior vice president, chief risk officer and treasurer. Earlier in her career, she served as vice president of finance at the University of Chicago Hospitals and Health System and as the budget director for the City of Chicago. She earned an M.B.A. from the University of Notre Dame and a bachelor’s degree in economics and political science from St. Mary’s College. Aigotti is a member of The Economic Club of Chicago and The Chicago Network and served on the board of directors of the Federal Home Loan Bank of Chicago from 2008 until earlier in 2015.
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, 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.
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.
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.
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.
Bobins earned his B.S. from the University of Wisconsin in 1964 and his M.B.A. from The University of Chicago in 1967.
Michelle L. Collins
Michelle L. Collins was appointed as a director in November 2014. She has been President of Cambium, LLC, a business and financial advisory firm serving small and medium-sized businesses, since 2007. With nearly 30 years of experience in corporate finance and business consulting, she began her career with William Blair & Company, LLC advancing to become a Principal Partner in the Corporate Finance Department. In 1997, she co-founded Svoboda Collins, LLC, a private equity firm, where she served as Managing Director from 1998 to 2007. She also served as Managing Director of Svoboda Capital Partners, LLC, until 2006. Ms. Collins is a member of the board of directors of Health Care Service Corp., Integrys Energy Group, Inc. (NYSE: TEG), and Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA). Her prior public company director experience includes Molex, Inc. (previously NASDAQ: MOLX, MOLXA), from 2003 to 2013, Bucyrus International, Inc. (previously NASDAQ: BUCY) from 2009 to 2011, Coldwater Creek, Inc. from 1997 to 2004, and CDW (NASDAQ: CDW) from 1996 to 2007. She is also a member of the board of several civic and philanthropic groups, including the Erikson Institute, the Chicago Public Library Foundation, WTTW and the Museum of Science and Industry. She received an MBA from Harvard University and a BA in economics from Yale University.
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 for The One Hundred Club of Chicago and The Chicago Anti-Defamation League. 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. 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. 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.
James Nicholson has been a director since July 2009. 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, Nicholson held positions with First National Bank of Chicago in London, England and Dublin, Ireland. From April 2005 until October 2007, Nicholson was Chairman of the Board of LaSalle Bank Midwest, N.A.
Richard Price joined as director in August 2015. He is chairman and chief executive officer of Mesirow Financial Holdings, Inc., a privately held diversified financial services firm headquartered in Chicago. He joined Mesirow in 1972 and has held a number of positions, including president and chief operating officer and president of its Insurance Services Division, a post he held for 25 years. Price is actively involved in a wide array of charitable, nonprofit and civic organizations in the Chicago area, including as a Director of World Business Chicago, Rush University Medical Center and Big Shoulders Fund. He is a member of The Economic Club of Chicago and the Executive Committee of the United States Holocaust Memorial Council.
Edward Rabin Jr.
Edward W. Rabin, Jr. has been a director since December 2003. Rabin served as president of Hyatt Hotels Corporation from 2003 until his retirement in 2006. Between 1989 and 2003, 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, Rabin held various Hyatt Hotels Corporation vice president positions. 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.
William R. Rybak has been a director since December 2003. Rybak retired from VanKampen Investments, Inc. in 2000, where he served as executive vice president and chief financial officer since 1986. 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. 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. 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, small business banking and correspondent banking, as well as trust and investment management services. He also leads the 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 for the Illinois Bankers Association, Rehabilitation Institute of Chicago Foundation, Brain Research Foundation and Operation HOPE. 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 Operating, Executive, Management, Asset and Liability, Credit Policy, Community Reinvestment Act, and Loan Committees.
Prior to joining The PrivateBank in 2007, Case was Executive Vice President for LaSalle Bank’s Commercial Real Estate team, 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 in 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 CREW Chicago; The Economic Club of Chicago; The Executives Club of Chicago; Real Estate Finance Forum; and Fellow, Class of 1997, of Leadership Greater Chicago. She serves on the Board of Directors for The Chicago Network; Community Investment Corporation; International Council of Shopping Centers; Juvenile Diabetes Research Foundation (JDRF), Illinois Chapter as well as JDRF International; Rush University Medical Center; and TimeLine Theatre.
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. She is a member of The PrivateBank’s Operating and Executive Committees. As General Counsel, Evans is responsible for managing all of the organization’s legal affairs and provides counsel to the CEO, executive team and Board of Directors on a broad range of business, strategic and risk management considerations. She is regularly involved in corporate governance and strategic planning matters, capital markets and other strategic transactions, oversight of corporate and regulatory compliance, and regulatory and legislative affairs.
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 that was acquired by PNC. 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 in connection with 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 Financial Services Roundtable, American Bar Association, the Economic Club of Chicago, Chicago Finance Exchange and The Chicago Club. Evans serves on the Board of Directors for Girl Scout Council of Greater Chicago and Northwest Indiana.
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 The PrivateBank’s Illinois Commercial. In this role he oversees the teams delivering commercial banking services to Illinois-based companies, as well as national companies within 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 and Vice Chairman of International Relations on the American Jewish Committee, participates on the board of Gateway for Cancer Research, Gilda’s Club of Chicago, The Chicagoland Chamber of Commerce and The Civic Consulting Alliance.
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.
Executive Managing Director and Chief Human Resources Officer
Vicki Znavor is Executive Managing Director and Chief Human Resources Officer. She is a member of The PrivateBank’s Operating and Executive Committees. As Chief Human Resources Officer, Znavor is responsible for the company’s talent strategies and programs, including recruiting, compensation, benefits, engagement and retention, and employee relations.
Prior to joining The PrivateBank in 2013, Znavor was head of Performance Management at Northern Trust. From 1982 to 2009, she held numerous positions with increasing responsibility at Sara Lee Corporation including Director of Global Executive Compensation, Director of HR, Director of HRIS and HR Communications, Executive Director of Transformation Management and Executive Director of Continuous Improvement.
Znavor holds a bachelor’s degree from Calumet College of St. Joseph and MBA from DePaul’s Kellstadt Graduate School of Business.
120 South LaSalle Street
Chicago, Illinois 60603
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