Silicon Valley Bank Strengthens Commitment to Ireland, Appointing Relationship Manager

London– 04 February 2013 -  Silicon Valley Bank, financial partner to the technology, life science, cleantech, private equity and venture capital industries, today announced that it has appointed Andrew Hunter, Relationship Manager with Silicon Valley Bank's UK branch, to spearhead its new business efforts in Ireland.  

Andrew currently works within Silicon Valley Bank's Accelerator and Growth group based in London, managing a varied portfolio of clients and overseeing specialised financial services for venture backed and growth technology businesses.  

In June 2012, Silicon Valley Bank announced plans to lend $100m to support Ireland's technology innovation sector in collaboration with the National Pensions Reserve Fund over the next five years.       

Commenting on his appointment, Andrew said: "Ireland has a vibrant innovation sector and a vast array of high potential entrepreneurs and technology businesses. Utilising Silicon Valley Bank's global network and extensive knowledge and experience, we are in a good position to support these businesses and help them to grow."  

Commenting on the appointment, Phil Cox, Head of EMEA and India and President of the UK Branch of Silicon Valley Bank, said: "We are committed to bringing our niche experience and knowledge to high growth innovation companies around the world. The extensive knowledge that Andrew brings to the business will be of tremendous value in Ireland as we continue to focus on supporting Irish innovation."  

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About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. Silicon Valley Bank and its affiliates within SVB Financial Group provide industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 27 US offices and seven international operations in China, India, Israel and the UK. (Nasdaq: SIVB) www.svb.com.

Silicon Valley Bank UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146).
 

Contacts:  
Elly Gilbert  
Silicon Valley Bank – UK Branch  
+44 (0)20 7367 7813  
egilbert@svb.com