John Robinson, Former Banker and Deputy Comptroller of the Currency, Joins SVB as Advisory Board Member
SANTA CLARA, Calif. — May 17, 2010 — SVB Financial Group (Nasdaq: SIVB), the parent company of Silicon Valley Bank and financial partner to technology companies and venture capitalists worldwide, announced that Kate Mitchell, Managing Director, Co-Founder of Scale Venture Partners, and Chairman of the National Venture Capital Association, has joined SVB's board of directors. John Robinson, former financial services industry professional and banking regulator, joined SVB Financial Group as an advisory director.
"Kate and John will add significantly to our dynamic, engaged board of directors and we look forward to their perspectives, guidance and insights as we navigate the many changes facing the financial services industry," said Ken Wilcox, CEO of SVB Financial Group and Silicon Valley Bank. "Kate's experience with entrepreneurs and influence within the venture capital industry complements our core business greatly; and John's career in banking will offer invaluable insight as we continue to find new ways to support our innovative clients."
Mitchell is a Co-Founder and Managing Director of Scale Venture Partners, a venture capital fund with more than $900 million under management located in Silicon Valley, California (www.scalevp.com). Mitchell leads investments in software and business services. She has more than 25 years of experience in technology, business development, finance and management and she has actively worked with successful portfolio companies such as Hubspan, Jaspersoft, mBlox, and Wayport.
Mitchell is also the newly appointed Chairman of the National Venture Capital Association (NVCA) and a member of its Executive Committee. She is actively involved with regulatory and economic policy impacting the venture industry and the companies that are funded by venture capital in the areas of technology, cleantech and health care. As Chairman, Mitchell promotes the importance of venture capital to the U.S. economy and innovation nationwide. She also sits on the Silicon Valley Bank Venture Capital Advisory Board.
Prior to his service as Executive Vice President of Corporate Risk Management for Washington Mutual, Robinson spent five years as Deputy Comptroller for the Office of the Comptroller of the Currency and ten years in a variety of senior management roles at the Office of Thrift Supervision. In both regulatory roles, Robinson was responsible for supervising and monitoring the health of financial services institutions in the Western region of the U.S.
Both Mitchell and Robinson's board positions were effective as of April 22, 2010. Mitchell was elected by SVB's stockholders at its Annual Meeting of Stockholders on that date.
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.
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.