SVB Financial Group (SIVB)

106.04 0.00 (0.00%) At close: 05:00PM EDT

SVB Financial Group

3003 Tasman Drive
Santa Clara, CA 95054-1191
United States
408 654 7400

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 8,553

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Philip C. Cox	Chief Operations Officer	1.06M	2.5M	1967
Ms. Karen Hon	Chief Accounting Officer	N/A	N/A	1978
Ms. Meghan O'Leary	Head of Investor Relations	N/A	N/A	N/A
Ms. Michelle A. Draper	Chief Marketing & Strategy Officer	N/A	N/A	1968
Ms. Laura K. Cushing	Chief HR Officer	N/A	N/A	1969
Mr. Marc C. Cadieux	Chief Credit Officer	N/A	N/A	1967
Mr. Jason Auerbach	Co-Head of Investment Banking - Leerink Division	N/A	N/A	N/A
Mr. Vishal Wadhwa	Sr. Managing Director	N/A	N/A	1973
Natalya Alexei	Sr. Managing Director	N/A	N/A	N/A
Mr. Spencer Alstodt	Sr. Managing Director of Leveraged Fin. & Debt Capital Markets	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Silicon Valley Bank, SVB Private, SVB Capital, and SVB Securities. The Silicon Valley Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services. This segment also offers traditional term, growth capital term, and equipment loans, asset-based loans, revolving lines of credit, warehouse facilities, recurring revenue and acquisition finance facilities, mezzanine lending, corporate working capital facilities, and credit card programs; treasury management products and services; business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts; receivables services, which include merchant services, remote capture, lockbox, and fraud control services; wire transfer and automated clearing house payment services; business bill pay, credit and debit cards, account analysis, and disbursement services. In addition, it offers foreign exchange and trade finance products and services; letters of credit; and investment services and solutions. The SVB Private segment offers mortgages, home equity lines of credit, restricted and private stock loans, capital call lines of credit, and other secured and unsecured lending products; planning-based financial strategies, wealth management, family office, financial planning, tax planning, and trust services; and real estate secured loans. The SVB Capital segment provides venture capital investment services. The SVB Securities segment provides investment banking services; products and services, including capital raising, merger and acquisition advisory, equity research, and sales and trading. The company was founded in 1983 and is headquartered in Santa Clara, California. On March 17, 2023, SVB Financial Group, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

Corporate governance

SVB Financial Group’s ISS governance QualityScore as of 1 March 2023 is 2. The pillar scores are Audit: 5; Board: 2; Shareholder rights: 3; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.