By Shawn Gilley
Provided by Dominican University
Dominican University's Brennan School of Business presented the James W. Haugh Award for Entrepreneurship and Ethics to Ralph B. Mandell, chairman of PrivateBancorp, Inc, at a breakfast reception on Thursday, May 19. The reception was held at 7:30 a.m. in the atrium of Dominican University's Parmer Hall, 7900 W. Division.
Mandell co-founded PrivateBancorp, Inc., a Chicago-based financial services company, in 1989. PrivateBancorp, through its subsidiaries, delivers customized business and personal financial services to middle-market companies as well as business owners, executives, entrepreneurs and families. Since opening for business 20 years ago, the company has grown to over $12.5 billion in assets, over 1,000 employees and 34 offices in 10 states.
Named the 2007 Entrepreneur of the Year for the Lake Michigan area by Ernst & Young, Mandell has been in the banking industry for over 40 years. Active in numerous civic and charitable affairs, he is a member of the boards of directors of Chicago's One Hundred Club, an organization providing financial assistance to families of police officers killed in the line of duty; the Chicago Anti-Defamation League; and the Midwest region of Operation HOPE. He received Operation HOPE's Chairman's Award in 2007 for encouraging PrivateBancorp employees to volunteer their time teaching financial literacy to over 800 Chicago area students. He has also been honored by Keshet, an organization providing schooling for developmentally disabled children, and the Anti-Defamation League for his support in advancing the cause of human rights and equal opportunity in the Chicago area.
The James W. Haugh Award is named in honor of the former chairman of Dominican University's board of trustees and the director of American Capital LLC, a financial consulting firm. Haugh's distinguished career includes management positions with KPMG, the law practice of Kirkland and Ellis, and First Interstate Bancsystem, Inc. His civic engagements include the Chicago Symphony Orchestra, and the Great Books Foundation, where he served as past chairman.