Chicago-based PrivateBancorp has hired William Norris as chief investment officer and head of trust and investments for the Private Wealth group of its The PrivateBank subsidiary, which provides trust and investment services and private banking to high net worth families.

Norris, a 30-year industry veteran, joins from JP Morgan's Private Bank and private wealth management services fiduciary group, where he was managing director and the chief fiduciary investment officer. He oversaw all investment activities for the trust clients at the firm.

"Bill has a great depth of knowledge across the investment spectrum and we are pleased to add his expertise to our team as we grow this very important segment of The PrivateBank's business," Kristine Garrett, Managing Director and head of Private Wealth at The PrivateBank, said.

PrivateBancorp has 34 offices in 10 states and $12.6 billion in assets as of September 30.