MENLO PARK, Calif. — November 10, 2009 — SVB Financial Group (SVB), the parent company of Silicon Valley Bank and SVB Capital and financial partner to technology companies and venture capitalists worldwide, hired Gerald Brady as a managing director to lead its Entrepreneur Services Group and its work with corporate venture groups. SVB has been helping entrepreneurs and their investors succeed for more than 25 years.
Brady will oversee a team dedicated to supporting emerging technology and life science companies, by engaging founders and CEOs with relevant, high-impact programming and networking events to add significant value during their development stages. Under the SVB Accelerator banner designed to offer a multitude of services to accelerate a start-up's success, this group hosts events like the popular SVB Showcase, in which entrepreneurs have opportunities to pitch venture capitalists seeking opportunities to invest.
Key to SVB's niche strategy are the relationships it maintains with venture capital investors worldwide. In his new role, Brady will seek to maintain and develop relationships with corporate venture and corporate development groups, which the company believes will play an increasingly important role in the venture ecosystem in the future.
"Silicon Valley Bank exists to help entrepreneurs succeed," said Harry Kellogg, vice chairman of Silicon Valley Bank. "Gerald brings great leadership to our team and relevant experience to the technology entrepreneurs and corporate investors we aim to help. They are the innovators who will help this country pull out of the current downturn by creating new companies and new jobs. We're thrilled to be a part of their initiation and growth."
"We also believe corporate venture groups at larger companies are going to play an expanded role in the financing of early-stage companies," Kellogg continued. "Corporations view their innovation investments as vital elements to their growth and a window into the disruptive technologies of the future. Corporate venture is also viewed by entrepreneurs as "smart money," since corporate investors are able to add significant value to a business throughout its life cycle."
Prior to joining SVB, Brady served as the director of investor relations for Siemens AG, where he was responsible for all aspects of investor communications in North America. Before that, Brady was an acquisition director in the Strategic Planning Group at Siemens Corporation, and served as a managing director of Siemens Acceleration USA, which is the early stage venture capital arm of Siemens.
Brady has also worked at 3i in London and Palo Alto, where he was a director, investing in a number of technology businesses, including ActiveCard (ACTI), Bitfone (acquired by HP), Raw Communications (acquired by Thomson Financial) and Winery Exchange. Prior to his work in finance, Brady worked in the Internet and media industry, was part of the UK launch team for ZDNet in 1995, a sales manager for Yahoo! UK when it launched in 1996 and an executive at Ziff-Davis and EMAP Plc.
Brady holds an honors degree from Kingston University, an MBA from Cranfield University and he is a Fellow of the Royal Society of Arts. Brady served as chairman of the NVCA's Corporate Venture Group from 2006-2007.
About SVB Financial Group
For 25 years, 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/private equity 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 27 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.
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