Ahrens, who joined PrivateBancorp in 2007, will be responsible for private wealth services, which includes trust, investment management, and private banking.
Prior to working in the PrivateBank, he had spent 15 years with LaSalle Bank and its parent company, ABN-AMRO, in a variety of roles.
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Post-appointment, Ahrens will continue to lead the community banking group, composed of retail, small business and mortgage banking, the bank said in its statement.
Larry Richman, president and CEO of PrivateBancorp, remarked, "Over the last four years, we have worked hard and have successfully established The PrivateBank as a premier commercial middle market bank.
"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," he further added.
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