SANTA CLARA, Calif., December 4, 2006 - SVB Silicon Valley Bank, the premier commercial bank nationwide for technology and life science companies of all sizes, hired Brian Sherer as a managing director in Corporate Finance. Effective immediately, Sherer will broaden the company's efforts to arrange and structure debt and banking solutions to select technology and life science firms across the U.S., focusing exclusively on those with private equity backing. SVB Silicon Valley Bank, located in 27 cities across the U.S., is the commercial banking subsidiary of SVB Financial Group (Nasdaq: SIVB).
"For more than twenty years, we have provided innovative,
creative financing solutions to technology, life science and
private equity firms," said Greg Becker, chief operating officer,
SVB Silicon Valley Bank. "Brian's experience and expertise with
the buyout community will help us bring our unique understanding
of the technology industry's financial needs to this market. We
look forward to leveraging Brian's knowledge and long track
record in the technology financing and private equity industries
to better serve our clients."
Sherer has spent his career developing and providing innovative
and complex debt products to technology companies. Most recently,
Sherer was a senior vice president at Wells Fargo Foothill, where
he focused heavily on private equity-backed acquisition
financing. He has also held senior sales and banking positions
with GE Corporate Finance, Greyrock Capital Group, Bank of
America and Heller Financial, Inc.
Sherer earned a bachelor's degree from the University of Michigan
and is a regular speaker at technology and M&A financing
About SVB Silicon Valley Bank
SVB Silicon Valley Bank provides commercial banking services to
emerging growth and mature companies in the technology, life
science, private equity and premium wine industries. Through its
focus on specialized markets and extensive knowledge of the
people and business issues driving them, SVB Silicon Valley Bank
provides a level of service and partnership that measurably
impacts its clients' success. Founded in 1983 and headquartered
in Santa Clara, Calif., the company serves clients around the
world through 27 U.S. offices and three international operations.
SVB Silicon Valley Bank is a member of global financial services
firm SVB Financial Group, with SVB Alliant, SVB Analytics, SVB
Capital, SVB Global and SVB Private Client Services. More
information on the company can be found at www.svb.com.
SVB Silicon Valley Bank refers to Silicon
Valley Bank, 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. SVB Private Client Services is a division of
Silicon Valley Bank. SVB Financial Group is also a member of the