Carman will oversee the St Louis and Kansas City markets. He will lead the delivery of PrivateBank’s trust, investment management and private banking services, including working closely with the company’s commercial banking team to introduce private wealth services to these clients.

He joined PrivateBank from Exegy, a St Louis-based financial technology firm, where he served as senior vice president for business development since 2007.

Prior to that, Carman spent 13 years with the investment banking division of AG Edwards, where most recently he served as a managing director working with clients in the technology industry.

PrivateBancorp provides customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities.