The PrivateBank-Chicago, a unit of bank holding company PrivateBancorp, has appointed Jeffrey Raider as the managing director of the bank's national commercial lending unit. He will be responsible for developing new commercial banking relationships throughout the US.

Mr Raider was group senior vice president of international corporate banking at LaSalle Bank, Chicago, where his group developed new business opportunities and enhanced customer relationships for the US subsidiaries of foreign companies for LaSalle’s Chicago, Cincinnati, Detroit, New England and Toronto offices.

Mr Raider also serves on the metropolitan board of directors for the Chicago American Heart Association as well as other committees for charitable and civic organizations located in the Chicago area.