New Appointment Strengthens Local Team
HERZILYA, Israel, SANTA CLARA, Calif. and LONDON –– February 1st 2011 — SVB Financial Group (Nasdaq: SIVB), the parent company of Silicon Valley Bank and financial partner to technology companies and venture capitalists worldwide, today announced that it has appointed Gadi Moshe as Head of Origination for SVB Israel Advisors Ltd. ("SVB Israel"). In this role, Gadi will be responsible for enhancing SVB Financial Group's business development efforts in the technology and life sciences sectors for the Israeli market.
Commenting on the appointment, Phil Cox, Head of UK, Europe and Israel for Silicon Valley Bank today said: "In welcoming such a high calibre professional as Gadi to the organisation, SVB proudly demonstrates its commitment to the Israeli technology and investor communities and its importance to our global banking strategy. Gadi's appointment is consistent with our approach of hiring local talent to help us grow our business around the world."
"We are delighted to have Gadi join SVB Israel as we continue our expansion in the local market," added Naomi Herman, who leads the SVB Israel team in Herzilya. "Israel is a major area of focus for SVB Financial Group and with his expertise, knowledge and deep rooted contact base in technology, life sciences and venture capital, Gadi will be a fantastic addition to the team."
Gadi brings more than 13 years experience of financing technology and life science companies in Israel to SVB Financial Group. Having begun his career at Union Bank of Israel, Gadi later joined Bank Hapoalim before transferring over to Plenus Venture Lending. He went on to establish ETV Capital's Israeli office in early 2005. Gadi is fluent in Hebrew and English and holds a BA in economics and an MBA in finance and technology from Tel Aviv University.
SVB Financial Group has been working with companies and investors in Israel since the late 1990s, providing its clients and partners in the region the benefit of nearly 30 years of experience dedicated to helping entrepreneurial companies of all sizes succeed. SVB Israel was established in Herzliya in January 2008 to establish a more significant presence in the local market and today offers Israeli-based clients access to financial services, including debt financing, deposit services and treasury management.
In addition to SVB Israel, SVB Financial Group has international operations in China, India and the United Kingdom through which it offers its clients access to the company's network of relationships with technology and life science companies and venture capital investors worldwide.
About SVB Financial Group
For nearly three decades, SVB Financial Group and its subsidiaries, including Silicon Valley Bank, have been dedicated to helping entrepreneurs succeed. SVB Financial Group is a financial holding company that serves companies in the technology, life science, venture capital and premium wine industries. Offering diversified financial services through Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services, SVB Financial Group provides clients with commercial, investment, international and private banking services. The company also offers funds management, broker-dealer transactions and asset management, as well as the added value of its knowledge and networks worldwide. Headquartered in Santa Clara, Calif., SVB Financial Group (Nasdaq: SIVB) operates through 26 offices in the U.S. and international operations in China, India, Israel and the United Kingdom. More information on the company can be found at www.svb.com.
SVB Israel Advisors Ltd. is a subsidiary of SVB Financial Group. Neither SVB Israel Advisors nor SVB Financial Group is licensed to conduct banking business or provide other financial services in Israel and neither engages in unlicensed banking activities. Banking services provided by Silicon Valley Bank, a member of FDIC.