SANTA CLARA, Calif.,
Aug. 3, 2017 /PRNewswire/ -- SVB
Financial Group (NASDAQ: SIVB) today announced the appointment of
John Clendening, president and CEO
of Blucora, Inc. (NASDAQ: BCOR) to its board of directors. SVB
Financial Group is the parent company of Silicon Valley Bank, the
bank of the world's most innovative companies and their
investors.
"John brings a depth of financial services experience and energy
to our board, and his contributions will be welcome as the company
continues to grow and achieve even bigger milestones," said
Roger Dunbar, Chairman of the Board
of SVB Financial Group.
Silicon Valley Bank helps address the unique needs of
entrepreneurs, innovative companies and their investors in the
technology and life science sectors. The company offers a range of
specialized financial services through locations around the world.
With nearly $50 billion in assets and
more than 2,300 employees globally, SVB strives to improve the
probability of its clients' success.
"Our strategy to focus on the innovation economy has resulted in
tremendous growth and opportunity for SVB," said Greg Becker,
President and CEO of SVB Financial Group. "A board well-versed and
experienced in financial services on a global scale is critical as
we chart our course for the future. We look forward to
incorporating John's observations, based on decades of financial
services expertise and experience in banking and wealth management,
into our plans."
Clendening has more than 25 years of experience in the financial
services and consumer goods industries. He is currently the
president, Chief Executive Officer and a member of the board of
directors at Blucora, a leading provider of technology-enabled
financial solutions to consumers, small businesses and tax
professionals. Prior to joining Blucora, Clendening was Executive
Vice President and Co-Head of the Investor Services Division at
Charles Schwab & Co., Inc., where he was instrumental in
repositioning the firm as a high-value wealth management company.
Clendening spent 11 years at the company, including service as the
CEO of Charles Schwab Bank.
Previously, Clendening worked as Chief Marketing Officer and Senior
Vice President, Consumer Banking Group and Senior Vice President,
Marketing and Strategy, Credit Card Division for First Union
Corporation. In addition, he has served in leadership roles at eMac
Digital LLC, Living.Com, The Coca-Cola Company, Frito-Lay, Inc.
Division of PepsiCo, SEARS Specialty Merchandising Group and
Booz-Allen & Hamilton, Inc.
Mr. Clendening received a Bachelor of Arts in Economics from
Northwestern University, and a Masters
of Business Administration from Harvard.
For more information about SVB, visit www.svb.com.
About SVB Financial Group
For more than 30 years, SVB Financial Group (NASDAQ: SIVB) and its
subsidiaries have helped innovative companies and their investors
move bold ideas forward, fast. SVB Financial Group's businesses,
including Silicon Valley Bank, offer commercial and private
banking, asset management, private wealth management, brokerage and
investment services, funds management and business valuation
services to companies in the technology, life science and
healthcare, private equity and venture capital, and premium wine
industries. Headquartered in Santa Clara,
California, SVB Financial Group operates in centers of
innovation around the world. Learn more at svb.com.
SVB Financial Group is the holding company for all business
units and groups © 2017 SVB Financial Group. All rights reserved.
SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW
and the chevron device are trademarks of SVB Financial Group, used
under license. Silicon Valley Bank is a member of the FDIC and the
Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial
Group.
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SOURCE SVB Financial Group