Dennis Klaeser

DENNIS KLAESER is Chief Financial Officer of PrivateBancorp, Inc., and
is a member of the Board of The PrivateBank and Trust Company. Mr.
Klaeser has extensive experience as a research analyst and as a
financial advisor dealing with corporate finance issues and merger and
acquisition activities for Midwest financial services companies. He
began his career in 1982 with the U.S. League of Savings Institutions,
eventually progressing to become Vice President and Director of Business
Planning and Finance for the League’s Institute of Financial Education
subsidiary. After a short stint at Sears Savings Bank, he moved into
investment banking, joining Everen Securities in 1994. In 1997, he was
named Group Head and Managing Director of Everen’s Financial
Institutions Group, responsible for business development, management of
the investment banking team, and execution of capital raising and M&A
advisory assignments for banks and specialty finance companies. Mr.
Klaeser became Managing Director of the bank group at First Union
Securities following First Union’s acquisition of Everen in 1999. In
2000, he joined Andersen Corporate Finance, a unit of Arthur Andersen,
as Managing Director and head of the US Financial Institutions Group
responsible for origination and execution of M&A assignments. In 2002,
he was named Senior Research Analyst at Robert W. Baird & Co., and, in
2003, he joined PrivateBancorp, Inc. A Liberal Arts graduate of Lawrence
University, Appleton, Wisconsin, he holds three graduate degrees: an MBA
in Finance and Management Policy from the Kellogg Graduate School of
Management at Northwestern University and Master’s of Arts degrees in
Public Policy and Social Service Administration from the University of
Chicago.