London– 18th October 2012 - Silicon Valley Bank, financial partner to the technology, life science, cleantech, private equity and venture capital industries, today announced that it has bolstered its UK- based Private Equity Services Group with the appointments of Allan Majotra as Director of the Group and Namita Anand, as a Relationship Manager.
Allan Majotra, formerly a partner at a private equity group based in Spain, will lead the team. He will build on Silicon Valley Bank's prior success working with venture capital and private equity firms as the bank continues to expand to meet the needs of its clients worldwide.
"Silicon Valley Bank's dedication to and long term ambition for the venture capital and private equity sector mirrors my own, and I am very excited to be leading the Group at such an important stage in the evolution of the UK branch," said Allan Majotra. "The bank is the clear partner of choice for the leading venture and private equity firms in the US and we are dedicated to achieving the same in Europe."
In his prior role, Allan invested in Europe, Latin America and India and helped raise two new funds. Experienced in venture and private equity and banking and management within the TMT and energy sectors, Allan has also previously served as Director of Business Development and Marketing at eBay and Vice President in the Specialised Industries Group of Union Bank (Mitsubishi UFJ), Los Angeles.
Having recently relocated from Silicon Valley Bank's Palo Alto office, Namita Anand also joins the UK team as a Relationship Manager for the Private Equity Services Group. She is dedicated solely to Silicon Valley Bank's private equity and venture capital clients.
Namita has been with the Silicon Valley Bank for more than five years, most recently as a Relationship Manager with Silicon Valley Bank's Accelerator team working with early-stage venture capital-backed companies. Previously she worked with CEOs and venture capitalists through the bank's Private Client Services Group. Before joining Silicon Valley Bank, Namita was a Relationship Manager with UBOC's Private Bank.
Commenting on the new appointments, Phil Cox, Head of EMEA and India and President of UK Branch for Silicon Valley Bank today said: "We are pleased to welcome Allan and Namita to Silicon Valley Bank's UK Branch. Our commitment to the private equity and venture capital markets is demonstrated by the high calibre of these two new appointments. The extensive knowledge and strong leadership skills that they bring to the business will be of tremendous value as we continue to focus on becoming the bank of account for the private equity, venture capital and technology ecosystems."
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 is registered in England and Wales at 41 Lothbury, London, EC2R 7HF, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the Financial Services Authority, FSA reference number 577295. Silicon Valley Bank is the California bank subsidiary and the 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.
Silicon Valley Bank – UK Branch
+44 (0)20 7367 7813