SVB Welcomes Boston Private

SVB has completed the acquisition of Boston Private, a leading provider of wealth management, trust and banking services, and I am excited to welcome Boston Private clients and employees to SVB Private Bank.

For nearly 40 years, SVB has helped new companies – and new ideas – grow and succeed. We have learned from and become a driving force in the innovation economy by supporting the entrepreneurs building new companies as well as the investors who finance them and the many others who help this economy thrive. With that knowledge comes unique insights and expertise that enable us to expand opportunities for our clients.

With the acquisition of Boston Private, SVB Private Bank will expand its wealth management solutions in the coming months to include:

  • Tax planning

  • Trust & estate planning services

  • Executive compensation planning and

  • Complex strategies to manage concentrated stock positions.

SVB Private Bank clients will also experience an improved digital client experience with access to our new wealth platform in the coming months. The integration of the two firms will take time, but we anticipate completing the majority of the work in 12-18 months. We expect to be able to offer access to some new products and services later this year and in early 2022. For now, it is business as usual. Your SVB Relationship Manager has not changed and will continue to provide the level of service you expect from SVB.

Leadership

Anthony DeChellis, Boston Private’s former President and CEO, is now CEO of SVB Private Banking & Wealth Management. I will serve as President and will be joined on Anthony’s leadership team by:   

  • Jim Brown, Head of Specialty Commercial

    An executive at Boston Private for over two decades, Jim will continue to lead the Commercial Banking Group nationally. Jim has led the group from its early days, growing loans and deposits from $200 million each to more than $4 billion and $5 billion, respectively. He has served as Vice Chair of the bank’s Executive Loan Committee and has been a Director of Boston Private Bank and Trust and Boston Private Wealth. Before joining Boston Private, Jim was a commercial loan officer at State Street Bank. 

  • John Longley, Head of Private Bank, Wealth, Trust and Wine

    Based in San Francisco, John is currently Boston Private's President of Western Region, responsible for the leadership and oversight of all West Coast activities. Prior to joining Boston Private, John was CEO and co-founder of Dobot, a fintech company that developed personal finance applications and was acquired in 2018. He previously was Head of Private Wealth at BlackRock and CEO of Citi Private Bank North America.

Together SVB and Boston Private are well positioned to meet and exceed your expectations of service and deliver the understanding, guidance and solutions to help build your wealth and expand opportunities for today and tomorrow. We thank you for your trust and business, and with this important milestone, look forward to further supporting you and your family.


Boston Private Bank and Trust Co. has been merged into and is now Silicon Valley Bank. Banking, lending, and trust products or services under the name Boston Private are offered by Silicon Valley Bank, a California bank with trust powers. Silicon Valley Bank is a member of the FDIC and of the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB).

SVB Wealth Advisory, Inc (member FINRA and SIPC; SEC-registered investment adviser) offers brokerage and investment management products and services and is a wholly-owned, non-bank subsidiary of Silicon Valley Bank. Boston Private Wealth LLC (an SEC-registered investment adviser) offers wealth management services and is also a wholly-owned, non-bank subsidiary of Silicon Valley Bank.

Investment Products offered by SVB Wealth Advisory and/or Boston Private are:


None of Silicon Valley Bank, SVB Wealth Advisory, Boston Private Wealth or any of their respective affiliates provide accounting or legal advice. Estate planning requires legal assistance. Please consult your tax or legal advisors for such guidance.

© 2021 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. The Boston Private name, logo, and any related marks are trademarks of SVB Financial Group, used under license.

KLS, a division of SVB, became part of Silicon Valley Bank as part of its acquisition of Boston Private. Boston Private Wealth LLC (an SEC-registered investment adviser, including KLS), offers wealth management services and is a wholly-owned, non-bank subsidiary of Silicon Valley Bank.

About the Author

Yvette S. Butler is the President of SVB Private Banking & Wealth Management and brings more than 30 years of experience working with the tech industry’s top innovators and investors seeking to build wealth through alternative and concentrated personal investments.

Before joining SVB, Yvette launched a media fintech startup called Impart Media and continues to serve as a strategic advisor. Yvette was also President of Capital One Investing, the first large bank to build its own robo-advisor digital platform. Prior roles include Managing Director for Wells Fargo Advisors, Head of Investor Marketing for E*TRADE, and various positions at Merrill Lynch, McKinsey & Company and Charles Schwab.

Yvette is board member of Voya Financial and the Treasurer for the Washington Area Women’s Foundation. She is a member of the Executive Leadership Council, which advances the role and contributions of current and next-generation black corporate leaders, philanthropists, and has served on the University of Virginia Ridley Scholarship board.

In addition to her passion for banking, she is a champion for women and leadership development. In 2017, Yvette was named to The Washingtonian’s prestigious list of the Most Powerful Women in Washington and Savoy’s 100 Most Influential Black Executives in 2020.

Yvette holds an MBA from Stanford University and a Bachelor of Science degree in finance and management information systems from the University of Virginia.