The PrivateBank Expands Michigan Private Wealth Team

BLOOMFIELD HILLS, Mich., Aug. 23, 2012 /PRNewswire/ -- The PrivateBank today announced John Keegan is named Managing Director, Head of Private Wealth, for the Michigan region and Bruce Beaumont is named Managing Director, Investment Advisor.

(Photo: http://photos.prnewswire.com/prnh/20120823/CG61601-a)

(Photo: http://photos.prnewswire.com/prnh/20120823/CG61601-b)

Keegan joined The PrivateBank from Bank of America/US Trust, where he has spent most of his nearly 25-year career and most recently served as Senior Vice President and Michigan Market Investment Director. He earned a bachelor's degree in finance from the University of Notre Dame, an MBA from the University of Detroit and is a Certified Financial Planner (CFP^®). He reports to Kristine Garrett, Head of Private Wealth for The PrivateBank.

Beaumont has 30 years of experience in investment management, including more than 20 years with Bank of America/US Trust and its predecessors. He graduated summa cum laude with a bachelor's degree in economics from Alma College, has an MBA from Northwestern and a master's degree in economics from Walsh College, where he has taught as an adjunct professor. He also is a Chartered Financial Analyst (CFA).

"John and Bruce have worked together for many years and understand how to deliver investment and private banking services to families and individuals, including business owners and corporate executives," Garrett said. "More importantly, they know how to deliver straightforward, meaningful solutions to their clients. Together with the Michigan team in place, we will strengthen our role as a trusted advisor to our clients, especially the leaders of the middle market companies we serve."

About The PrivateBank

The PrivateBank 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. The PrivateBank is part of PrivateBancorp, Inc., which, as of June 30, 2012, had 34 offices in nine states and $12.9 billion in assets. Our website is www.theprivatebank.com.

SOURCE The PrivateBank

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