SANTA CLARA, Calif. –– June 28, 2010— Silicon Valley Bank (SVB), the premier bank for companies in the technology, life science, venture capital and premium wine industries, announced today that Gwendolyn J. Wong joined SVB to manage credit approval and product development for SVB Private Client Services' venture capital and private equity clients.
SVB Private Client Services provides personal financing solutions to entrepreneurs, investors and senior executives within the industries it serves. Using a variety of innovative and flexible loan structures, SVB'S private bankers help clients reduce financial complexity and unlock the liquidity in their personal balance sheets in order to increase opportunities for wealth creation.
"Our dedication to venture capital over the last three decades has given us unique insight into the financial needs of venture capital partners and technology entrepreneurs," said Greg Becker, President, Silicon Valley Bank. "In more than thirty years of banking, Gwen has developed an outstanding reputation and track record, particularly with the venture community. She will contribute substantially to our ongoing private banking efforts and we welcome her leadership in the development of new services for our clients."
Wong joined Silicon Valley Bank after consulting and serving as a senior vice president and senior credit officer for East West Bank in 2009. Previously, Wong served as the senior credit risk manager for First Republic Bank, a private bank, since 2004. Wong has also held senior leadership positions with California Bank & Trust, KPMG and the Industrial Bank of Japan. She earned an MBA from the University of San Francisco, a master's degree in mathematics from Columbia University and a bachelor's degree in mathematics from the University of Hawaii. Wong is also committed to community service and holds leadership roles with the Girl Scouts of the USA, the United Way of the Bay Area and Professional Business Women of California.
About Silicon Valley Bank
Silicon Valley Bank is the premier commercial bank for companies in the technology, life science, venture capital, private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 26 U.S. offices and international operations in China, India, Israel and the United Kingdom. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB), with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.
SVB Private Client Services is a division of Silicon Valley Bank, the California bank subsidiary and commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB Financial Group is also a member of the Federal Reserve System. Financial advisors, wealth managers and estate planning attorneys introduced to clients by SVB Private Client Services are not affiliates of Silicon Valley Bank. Investments recommended by these or any other third-party provider of wealth management and financial planning services are not guaranteed by Silicon Valley Bank, are not insured by the FDIC, and may lose value. SVB Private Client Services does not receive any compensation for referrals made. Neither Silicon Valley Bank nor its affiliates provide tax or legal advice. Please consult your tax or legal advisors for such guidance. SVB Financial Group is also a member of the Federal Reserve System.
Jane Lodato, Head Marketing Communications 650 855-3078