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SANTA CLARA, CALIF, July 12, 2004 - Silicon Valley
Bancshares [Nasdaq: SIVB], the parent company of Silicon Valley
Bank, announced the appointment of David Webb as Chief
Information Officer today. Webb joins the company, effective
immediately, as a member of the corporate steering committee and
will be responsible for aligning SVB's information technology
efforts with the company's business strategy and further building
its infrastructure as the company expands its physical presence
internationally.
"Our success stems from the deep relationships and understanding
we build within the technology industry and we purposefully seek
out experienced professionals with financial and technology
industry backgrounds to lead our business functions," said Ken
Wilcox, president and CEO of Silicon Valley Bancshares and
Silicon Valley Bank. "Dave's technology expertise, coupled with
his experience in the financial services industry, will be a
valuable complement to our leadership team and we look forward to
his contributions."
With 25 years of experience in a variety of corporate roles, Webb
is well suited to help Silicon Valley Bank continue to expand
internationally. Most recently, Webb served as vice president at
Goldman Sachs where he coordinated a global team of IT
professionals, supporting the Investment and Merchant Banking
divisions. Webb also served as the Chief Information Officer of
Finance One at Bank One Corporation, the Chief Technology Officer
for GE Capital's Auto Finance business and he has provided
consulting services to large corporations in the U.S. While
living in Europe, Webb worked for Kestreal Data Limited, Marathon
Oil UK Ltd., and Brown and Root Ltd, servicing the oil industry.
He has a wealth of global experience living and working around
the world.
Webb earned a bachelor's degree in Russian from the University of
London and an MBA from the J.L. Kellogg Graduate School of
Management at Northwestern University.
About Silicon Valley Bancshares
For 20 years, Silicon Valley Bancshares, a financial holding
company offering diversified financial services, has provided
innovative solutions to help entrepreneurs succeed. The company's
principal subsidiary, Silicon Valley Bank, serves emerging growth
and mature companies in the technology, life science, private
equity and premium wine industries. Headquartered in Santa Clara,
Calif., and with 26 offices across the country, the company
offers clients commercial, investment, merchant and personal
banking, as well as private equity and value-added services,
using its knowledge and networks. Merger, acquisition, private
placement and corporate partnering services are provided through
the company's investment banking subsidiary, SVB Alliant,
formerly Alliant Partners. More information on the company can be
found at www.svb.com.