PrivateBancorp has named Kristine Garrett as managing director and head of The PrivateWealth Group at The PrivateBank to oversee all wealth management and private banking activities.

Ms Garrett joined The PrivateBank to oversee private banking in 2009 after a 20-year career with JP Morgan Chase, where she most recently was a senior executive on the national leadership team for private client services.

Ms Garrett will be responsible for private banking, trust and custody services and investment management, including oversight of the Lodestar subsidiary.

Larry Richman, president and CEO of PrivateBancorp, said: "Kris has shown tremendous leadership in ensuring we are capitalizing on all opportunities to deliver our strong wealth management and private banking services to new clients or by expanding the relationships with existing clients.

“As we continue to focus on deepening our client relationships, she will work with her colleagues in our other business segments to offer our clients access to the broad range of services under The PrivateBank umbrella, as well as surfacing opportunities to introduce The PrivateWealth Group clients to our commercial banking offering."