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Update from SVB’s CEO

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To our clients,

We are in unprecedented times. At SVB, we know from more than three decades of working alongside dynamic companies and investors that in turbulent environments partnership, dependability and flexibility matter, and the hallmark of a true partner is the act of standing with clients and supporting them in the most challenging times.

The work that you, our clients, do to develop and fund innovative solutions to the world’s biggest problems is more critical now than ever. The innovation economy has been the source of some of the most important developments in our lifetimes, and we believe that your contributions will only become more important in the years to come. Our mission is to support your efforts to keep innovating and to bring your ideas, products and solutions to market. And at times like these, it’s more important than ever that we maintain our support for our clients.

We want to assure you that SVB is open for business. We continue to serve our clients while doing everything we can to protect the health and safety of our employees, clients and partners around the world. We are confident in our ability to seamlessly deliver the services and value you count on from SVB, even as we activate our business continuity plans and do our part to help slow the spread of COVID-19 by implementing travel restrictions, virtual meetings and work from home plans. We have a long track record of maintaining credit discipline in good times and standing by our clients in bad times. We encourage you to monitor our COVID-19 updates by visiting our Newsroom on svb.com.

We also want you to know that we are confident that our strong financial foundation will allow us to navigate any challenges ahead as the markets experience volatility.

As this fluid situation evolves, we are here to help you. Please reach out to your relationship manager or client service team if there is anything we can do to support you. We also hope you will take advantage of our research and advisory teams’ insights and perspectives on the current markets.

Thank you for your business,

Greg Becker
CEO, Silicon Valley Bank

Mike Descheneaux
President, Silicon Valley Bank

About the Author

Greg has been a champion of the innovation economy since he joined Silicon Valley Bank in 1993 as a banker to fast-growing technology companies. Today, he is the CEO of the world’s only bank dedicated to the innovation sector around the world.

Silicon Valley Bank’s mission is to help increase the probability of its innovative clients’ success globally. Under Greg’s leadership, Silicon Valley Bank’s growth rate has continued to outpace other banks. SVB has been named one of the best banks in America, one of the fastest growing public companies in the U.S., and one of the best places to work. SVB is also an advocate for entrepreneurs, their investors and corporates in the innovation sector internationally. In 2018, SVB joined the S&P 500 and became a member of the Bloomberg Gender Equality Index. Greg has been recognized as a top influencer in global finance by Worth Magazine and was named the #1 bank CEO for midcap banks by Institutional Investor Magazine.  

Greg was the president, chief operations officer and chief banking officer prior to taking on the CEO role. Earlier in his career, Greg ran the company’s venture capital group where he was responsible for building relationships with, and investing in, venture capital and private equity firms across the U.S. Greg was also a co-founder and managing director of SVB Capital, which manages some of the world’s top-rated venture fund-of-funds and co-investment funds, and he was a member of Silicon Valley Bank’s Operating Committee.

Greg is a Class A Director for the Federal Reserve Bank of San Francisco, the chairman of TechNet and a member of the executive council of the Silicon Valley Leadership Group (SVLG), where he was the chairman from 2014-2017. Greg was also a member of the U.S. Department of Commerce’s Digital Economy Board of Advisors from 2016-2017.

He earned a bachelor’s degree in business from Indiana University.

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