Silicon Valley Bank's Tracy Isacke to Lead Corporate Venture Relationship Group
Company news | September 9, 2014
SANTA CLARA, Calif. – September 9, 2014 – Tracy Isacke has joined Silicon Valley Bank, the bank of the global innovation economy, to take on leadership of the company's Corporate Venture Relationship Group, which was established in 2009 to build connections between investment groups at some of the world's largest companies and emerging technology and life science startups. As head of the group, Isacke is responsible for Silicon Valley Bank's relationships with corporate venture funds, corporate development teams and innovation groups at Fortune 500 companies.
"We are seeing significant momentum in the innovation economy due, in part, to increased commitment and investment by corporate venture groups, which were involved in a third of all investments last quarter," said John China, Head of Relationship Banking for Silicon Valley Bank. "Tracy's global investment experience has prepared her to lead SVB's corporate client engagement and growth strategy."
Given the recent surge in company formation and the investment opportunity that presents, Claire Lee, who ran Silicon Valley Bank's Corporate Venture Group since joining SVB from Microsoft Ventures, is taking on leadership responsibility for the company's early stage banking business. This group is dedicated to SVB's clients at their earliest stages and the ecosystem of strategic partners who support them, including accelerators, incubators, universities and angel investors. Silicon Valley Bank works with more than half of the venture capital-backed startups in the US.
"Together, Tracy and Claire will offer our clients and partners unmatched opportunities to develop meaningful partnerships," China said.
Prior to joining Silicon Valley Bank, Isacke was an executive vice president of New Business Ventures at Telefónica Digital where she identified investment opportunities in Silicon Valley, Israel and Europe that had potential to accelerate Telefónica's business. She also drove an international Global Partner team to deliver unique partnerships and Direct-to-Bill opportunities for Telefónica across 25 operating businesses in Europe and Latin America.
Isacke joined Telefónica in 2006 as Head of Enterprise Sales in the UK and then leading the acquisition of Jajah in Mountain View, CA. She set up and grew the office in Silicon Valley and led the acquisition of San Francisco- based TokBox, and several investments on behalf of Telefónica including Boku, Everything.me and Box as well as key partnerships including Evernote, Pinterest and Rhapsody. Isacke started her career at Xerox, followed by a position at a venture capital-backed start-up that went on to achieve a successful exit.
About Silicon Valley Bank
Banking the world's most innovative companies and exclusive wineries, SVB offers diverse financial services, knowledge, global networks, and world class service to increase our clients' probability of success. With more than $33 billion in assets and more than 1,700 employees, we provide commercial, international and private banking through our locations around the world. Forbes Magazine ranks us among America's Best Banks and Fortune named SVB one of the best places to work. (Nasdaq: SIVB) www.svb.com.
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.