Financial Services >> CEO Interviews >> November 29, 2004

DENNIS KLAESER – PRIVATEBANCORP INC (PVTB)

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. Profile
TWST: Would you give us a brief historical sketch of the company and a

picture of the things you're doing at the present time.

Mr. Klaeser: The bank was formed in 1990 with a specific niche