Chief Operations Officer
SVB Financial Group
Bruce Wallace is chief operations officer of SVB Financial Group. In this role, he is responsible for leading all bank and non-bank operations and IT services for SVB worldwide.
Previously, Wallace headed SVB’s global services group since 2008. In this role, he was responsible for operations, product management, global transaction banking, and service delivery across all of SVB’s platforms and supported SVB clients worldwide.
Prior to joining SVB, Wallace spent more than 20 years in a variety of management positions with Wells Fargo & Company. Most recently, Wallace was a senior vice president and manager of Wells Fargo’s treasury management operations. He also held prior senior management positions in Retail Banking, Risk and Fraud Operations, ATM Banking, Payment Services, Card Services, and Commercial Banking Operations.
Wallace earned a bachelor’s degree in accounting graduating Cum Laude from California State University, Sacramento. He is currently a board director for SVB Financial Group UK Limited, the SPDB-Silicon Valley Bank Joint Venture Bank in Shanghai, and a member of the advisory boards for FTV Capital and the FinTech Sandbox.
He has previously served on the boards for the International Accounts Payable Professionals Association, the Association for Work Process Improvements (chairman), Federal Reserve Cash Advisory Council, the Western Payments Alliance Board of Directors, the New York Clearing House Bank Operations Committee, and the BITS (Banking Industry Technology) Fraud Steering Committee.