Prior to moving to Shanghai in August of 2013, Dave had been with Silicon Valley Bank for sixteen years. In 1997, Dave joined SVB as the Chief Credit Officer, and remained in that role until his departure to China. As the Chief Credit Officer, Dave was responsible for credit policy, credit underwriting and credit quality. During Dave’s tenure as Chief Credit Officer, SVB’s lending to innovation companies, investors of innovation companies, and wine grew organically from $500 million to almost $10 billion. His term as Chief Credit Officer included two traumatic periods for bank credit. The first was the demise of the Internet bubble in 2000 and 2001 and the second was the great recession of 2008 and 2009. The average annual loan loss experience from 2000 through 2013 was less than 70 basis points and for the last 10 years, which included the Great Recession, average annual loan losses were slightly more than 50 basis points.
Before joining SVB, Dave was with Wells Fargo Bank. Dave started his banking career with The First National Bank and Trust of Oklahoma City. In 1986 First National was bought by First Interstate Bank. Dave remained with the company through its purchase by Wells Fargo in 1996. Dave left Wells Fargo in 1997 to join Silicon Valley Bank. Prior to joining SVB, Dave enjoyed increasing responsibility with oil and gas, commercial real estate, agriculture, forest products and general commercial lending.
Dave’s education includes a master’s degree in business administration from Oklahoma City University and a bachelor of science degree in finance from Oklahoma State University.
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