SANTA CLARA, Calif., September 14, 2022 /PRNewswire/ — SVB Financial Group (SVB), innovation economy finance partner and parent company of Silicon Valley Bank, today announced the appointment of Thomas Kingformer Managing Director of Investment Banking at Barclays, to its Board of Directors, from September 13, 2022. King will also serve on the Compensation and Human Capital Committee of the Board of Directors.
“Tom’s proven leadership within complex global financial services companies makes him well-positioned to join SVB’s Board of Directors as the business continues to grow,” said Kay Matthews, chairman of the board of the SVB. “Tom’s in-depth knowledge of the financial services industry will contribute to SVB’s ability to execute its strategy and deliver long-term value to stakeholders.”
SVB provides innovators, companies and investors with the services they need to succeed through four complementary businesses: Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities. With $214 billion of assets and more than 7,700 employees worldwide (as of Q2 2022), SVB strives to improve the likelihood of success for its customers.
“For three decades, Tom has used his global corporate banking and finance expertise, regulatory knowledge and relationship-building skills to build and transform businesses,” said Greg Becker, Chairman and CEO of SVB. “His strategic thinking and values-driven leadership will be an asset to our business and our customers.”
King has nearly 35 years of experience in corporate and investment banking and is currently an operating partner at investment firm Atlas Merchant Capital. From 2014 to 2016, he served as Managing Director of Investment Banking at Barclays, overseeing both banking and market activities. During this period, he was also Chairman of the Executive Committee of the investment bank and a member of the Executive Committee of the Barclays Group.
King began his career at Salomon Brothers, which was later acquired by Citigroup. During his tenure at Citi, he held several leadership positions including Global Head of Mergers & Acquisitions, Head of Investment Banking EMEA, and Head of Corporate & Investment Banking for the EMEA region. King previously served on the board of Leerink Holdings, now SVB Securities, from 2017 to 2018. SVB Financial Group acquired Leerink Holdings in 2018.
King received a master’s degree in business administration from the Wharton School, University of Pennsylvania and a Bachelor of Arts from Bowdoin College. He currently sits on a variety of public, private and not-for-profit boards, including the King’s School of Stamford, Connecticut.
SVB is the financial partner of the innovation economy, helping the world’s most innovative individuals, investors and companies achieve their ambitious goals. SVB’s businesses – Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities – together provide the services that dynamic, fast-growing clients need as they grow, including commercial banking, venture investing, wealth planning and investment banking. Based at Santa Clara, California, SVB operates in innovation centers around the world. Learn more at svb.com/global. [SIVB-C]
SVB Financial Group (SVB) (Nasdaq: SIVB) is the holding company for all business units and groups. © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and the chevron are trademarks of SVB Financial Group, used under licence. Silicon Valley Bank is a member of the FDIC and the Federal Reserve. Silicon Valley Bank is the California banking subsidiary of SVB Financial Group.
SOURCE SVB Financial Group