Update from SVB’s CEO

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

A recognized leader in the innovation economy, Greg Becker heads the only bank dedicated to the global innovation sector.

Greg believes the innovation economy brings together talented people who are passionate about turning great ideas into sustainable businesses to create jobs, grow the economy, and enable more people to unlock opportunity.

Under his leadership for a decade, Silicon Valley Bank has consistently outpaced other banks’ growth rates – enabling SVB to expand the services it provides to thousands of fast-growing companies and their investors. In the US, SVB is among America’s Top 10 Best Banks (Forbes) and Most Responsible Companies (Newsweek) and annually ranks as a Top Corporate Philanthropist, member of the Bloomberg Gender-Equality Index and among the best places to work.

Greg joined SVB in 1993, and has spent his career championing innovation, helping entrepreneurs and their investors scale across the US and globally, building SVB for the long-term and expanding to include nine countries. Working with employees, clients and partners, he has also prioritized investments and initiatives to increase diversity and inclusion at SVB and across the larger technology workforce, foster economic development and support community well-being.

Since 2011, Greg has served as president and CEO of SVB Financial Group and CEO of Silicon Valley Bank. Earlier, he held various senior leadership positions including co-founder and managing director of SVB Capital, chief banking officer and president of Silicon Valley Bank.

Greg holds key positions that enable him to contribute to policymaking and advocate for the innovation economy at the highest levels: In 2019, he was elected a Class A Director for the Federal Reserve Bank of San Francisco and chairman of TechNet. He is a member of the Executive Council of the Silicon Valley Leadership Group, which he chaired from 2014 to 2017. Greg also served as a member of the US Department of Commerce Digital Economy Board of Advisors from 2016 to 2017.

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