SANTA CLARA, Calif.,
Sept. 12, 2019 /PRNewswire/
-- SVB Financial Group (NASDAQ: SIVB) announced today the
appointment of Kay Matthews, retired
business leader with Ernst & Young, to its board of directors.
Matthews joins SVB's board of directors and its audit committee as
of September 10, 2019. SVB Financial
Group is the parent company of Silicon Valley Bank (SVB), the
bank of the world's most innovative companies and their
investors.
"Kay's deep experience working with clients ranging from
early-stage, venture-backed startups to Fortune 500 companies in
the innovation sector is a direct complement to our strategy," said
Roger Dunbar, Chairman of SVB's
Board of Directors. "Her expertise and acumen are assets to our
dynamic and engaged board."
Silicon Valley Bank helps address the unique needs of
entrepreneurs, innovative companies and their investors in
technology and life science sectors. The company offers a range of
specialized financial services through locations around the
world. With more than $64
billion in assets and more than 3,300 employees globally,
SVB strives to improve the probability of its clients'
success.
"We welcome Kay's leadership expertise, perspective on
disruptive businesses and knowledge of the clients we aim to help
succeed," said Greg Becker, CEO of
SVB Financial Group and Silicon Valley Bank. "Our focus on the
innovation economy requires a global perspective, and we look
forward to Kay's contributions in this regard."
Matthews retired after a successful 36-year career at Ernst
& Young where she held several leadership roles for the global
organization, which operates in more than 150 countries and has
revenues of more than $36 billion
globally and $16.7 billion in the
Americas. Most recently, Matthews served as a Vice Chair of the EY
Americas Board, a member of the EY Global Practice Group, and the
Managing Partner of EY's West Region, with responsibility for all
services delivered to clients in the region.
Matthews is a Certified Public Accountant and earned a Bachelor
of Accounting degree, cum laude, from Texas
Tech University. She currently serves on the board of
directors for Coherent, Inc., and was the 2013 Texas Tech School of
Accounting Distinguished Alumni, as well as a board member and
member of the finance and retirement committees for KQED, the
Northern California public
television and radio station, through 2018.
For more information about SVB, visit www.svb.com.
About SVB Financial Group
For more than 35 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, investment and private banking, asset
management, private wealth management, brokerage and investment
services and funds management 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
www.svb.com.
SVB Financial Group is the holding company for all business
units and groups. ©2019 SVB Financial Group. All rights reserved.
Silicon Valley Bank is the California bank subsidiary of SVB Financial
Group. Silicon Valley Bank is a member of FDIC and Federal Reserve
System. SVB, SVB >, SVB Financial Group, Silicon Valley Bank,
Make Next Happen Now and the chevron device are trademarks of SVB
Financial Group, used under license.
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SOURCE Silicon Valley Bank