Ahrens replaces Jay Williams, who continues as chairman of The PrivateBank Milwaukee.
Ahrens joined The PrivateBank in October 2007 and most recently served as chief strategy and marketing officer. He will continue to oversee those departments and will add oversight of the human resources, operations and information technology groups to his responsibilities.
PrivateBancorp Inc. is a growing diversified financial services company with 34 offices in 10 states, including Wisconsin, and $12.1 billion in assets as of Sept. 30.
Williams is also chairman of the Miller Park stadium district.
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