Larry Richman
Larry Richman is President and Chief Executive Officer of PrivateBancorp, Inc., and The PrivateBank-Chicago, a wholly owned subsidiary of PrivateBancorp. Since assuming the leadership role at PrivateBancorp in November 2007, Mr. Richman has been directing the execution of a strategic plan designed to build the company into the bank of choice for middle-market commercial and commercial real estate companies, as well as business owners, entrepreneurs, executives and families.
With a strong belief that the value of a company lies in the strength of its people, Mr. Richman and his team work together to provide a comprehensive suite of personal and commercial banking, treasury management, investment products, capital markets, private banking and wealth management services through a relationship-based business model.
Mr. Richman has more than 25 years in banking and joined PrivateBancorp from LaSalle Bank N.A. where he was President and Chief Executive Officer as well as President of LaSalle Bank Midwest. He began his career at American National Bank and joined Exchange National Bank of Chicago in 1981 until its acquisition by LaSalle.
He is on the Dean’s Advisory Council at Indiana University’s Kelley School of Business, where he earned his MBA, and is a past Trustee of Bradley University in Peoria, Illinois, where he earned his bachelor’s degree. He also holds an advanced certificate from Stanford University in credit and financial management and is a Board member of Northwestern University's Kellogg School of Management.
Mr. Richman is very active in many civic, philanthropic and governance activities. Richman serves on the boards of Northwestern Memorial Hospital, the Big Shoulders Fund, Museum of Science and Industry, the Ravinia Festival Association, Field Museum, Chicago Chamber of Commerce and the Executives’ Club of Chicago. He is a member of the Financial Services Roundtable, the U.S. Fund for UNICEF President’s Council and, in 2008, he was appointed to the Economic Club of Chicago’s Board of Directors. Additionally, he is a member of the Commercial Club of Chicago and the Bankers Club of Chicago.
Mr. Richman has received a number of civic and charitable awards. Among them, he was named to the Academy of Alumni Fellows for the Kelley School of Business at Indiana University and, he received the Civic Achievement Award from the American Jewish Committee.
