SANTA CLARA, Calif.,
Aug. 28, 2020 /PRNewswire/
-- Silicon Valley Bank (SVB), the bank of the world's most
innovative companies and their investors, today announced the
appointment of Sunita Patel as Head
of Business Development for its Technology and Healthcare practice.
Sunita will succeed Jennifer Friel
Goldstein, who is joining SVB's venture capital arm, SVB
Capital, as Managing Partner to lead the firm's new Life Science
& Healthcare investment team and help stand up a life sciences
direct investment fund.
Building Silicon Valley Bank's Technology and Healthcare
Business
In her role as Head of Business Development, Sunita
will oversee venture capital relationship management, corporate
venture relationship management, sales origination and SVB's
emerging managers practice across the US. She will report to
Dave Sabow, Head of Technology and
Healthcare Banking, North America
and will be based in Palo Alto,
California.
"The opportunities for our clients in the innovation economy
continue to grow and we are fortunate to have the experienced
professionals on staff who can help accelerate their success," said
Mike Descheneaux, President of
Silicon Valley Bank. "Sunita has been helping innovative companies
and their investors build their businesses for many years and we
are thrilled to have her join our team at SVB. We look forward to
helping many more clients together."
Sunita has spent her entire career focused on the innovation
economy and has extensive experience building relationships with
venture capital firms and providing lending and financial services
support to venture-backed technology companies. She was most
recently the President of Comerica Bank's Technology and Life
Sciences Division, where she oversaw lending teams across the US
and Canada. Previously, Sunita
spent 20 years managing Comerica Bank's Venture Capital
Group.
Sunita is a member of the VCNetwork, and an early sponsor of the
organization. She is a charter member of The Indus Entrepreneurs, a
global entrepreneurship organization, and serves on the advisory
board for The Forum for Women Entrepreneurs and The Women's
Technology Cluster. She is also a longtime supporter of the
American India Foundation.
New Healthcare Investment Team at SVB Capital
In
Jennifer Friel Goldstein's new role,
she will lead the firm's new Life Science & Healthcare
investment team and help develop a life science direct investment
fund for institutional Limited Partners. Jennifer is a bioengineer
by training who has been with SVB for eight years serving in a
variety of leadership roles. She has successfully built and lead
several practice areas at the bank, including her most recent
success as Head of Business Development for the Technology and
Healthcare practice. Prior to this role, Jennifer led SVB's
West Coast Healthcare practice and the Biotechnology and
Diagnostics practice.
"Investors of all types globally are seeking access to the
innovation economy, increasingly in healthcare, which brings growth
and opportunity to our funds business at SVB Capital," said
John China, President of SVB
Capital. "Jennifer is the ideal lead for our new life science and
healthcare investment team, bringing her scientific and business
acumen to the table. We see enormous potential in healthcare
investing over the next decade and expect to build a life science
direct investment fund for institutional LPs that is highly
differentiated and synergistic with SVB and SVB Leerink."
Jennifer joined SVB after a successful tenure at Pfizer, where
she served as a director on Pfizer's Venture Capital Team and
helped lead or co-lead investments into several companies. She also
led fund-of-fund investment decisions and independently managed
Pfizer's $250 million private equity
portfolio. Jennifer enjoys being involved with Springboard
Enterprises and serving on the board of the Leukemia & Lymphoma
Society in Silicon Valley. She most recently joined the board of
Venture Forward, launched by the National Venture Capital
Association to drive diversity and inclusion in the venture capital
industry. She also serves as an independent director for Alexandria
Real Estate Equities, Inc. She earned her bachelor's degree in
bioengineering, magna cum laude, and a master's degree in
biotechnology from the University of
Pennsylvania. Jennifer was named a Joseph Wharton Fellow
while completing her MBA at the Wharton School.
About Silicon Valley Bank
For more than 35 years,
Silicon Valley Bank (SVB) has helped innovative companies and their
investors move bold ideas forward, fast. SVB provides targeted
financial services and expertise through its offices in innovation
centers around the world. With commercial, international and
private banking services, SVB helps address the unique needs of
innovators. Learn more at svb.com.
©2020 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 (Nasdaq: SIVB).
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SOURCE Silicon Valley Bank