Axos Bank Expands Commercial Banking in Silicon Valley with new Technology & Life Sciences Banking Division
Axos Bank, subsidiary of Axos Financial (NYSE: AX), has launched its Technology & Life Sciences Banking Division. Led by Silicon Valley veteran Rod Werner, the division will operate in Palo Alto, San Francisco, Boston, New York, and LA. The new division will focus on three verticals: Sponsor Finance, Lender Finance, and Fund Finance, targeting Software, AI, Fintech, and Healthcare IT sectors.
Werner joins with a team of ten experienced professionals, including William Sweeney, Greg Belanger, Alan Jepsen, and Ashish Sharma. The team has collectively structured over $10 billion in debt commitments and brings 20+ years of experience in the innovation economy.
Axos Bank, controllata di Axos Financial (NYSE: AX), ha lanciato la sua Divisione Bancaria per Tecnologia e Scienze della Vita. Guidata dal veterano della Silicon Valley Rod Werner, la divisione opererà a Palo Alto, San Francisco, Boston, New York e Los Angeles. La nuova divisione si concentrerà su tre settori: Finanza per Sponsori, Finanza per Creditori e Finanza per Fondi, mirando ai settori del Software, AI, Fintech e IT per la sanità.
Werner si unisce a un team di dieci professionisti esperti, tra cui William Sweeney, Greg Belanger, Alan Jepsen e Ashish Sharma. Il team ha collettivamente strutturato oltre $10 miliardi in impegni di debito e porta con sé oltre 20 anni di esperienza nell'economia dell'innovazione.
Axos Bank, filial de Axos Financial (NYSE: AX), ha lanzado su División de Banca para Tecnología y Ciencias de la Vida. Dirigida por el veterano de Silicon Valley Rod Werner, la división operará en Palo Alto, San Francisco, Boston, Nueva York y Los Ángeles. La nueva división se centrará en tres verticales: Financiación de Patrocinadores, Financiación de Prestamistas y Financiación de Fondos, enfocándose en los sectores de Software, IA, Fintech y TI en salud.
Werner se une a un equipo de diez profesionales experimentados, incluyendo a William Sweeney, Greg Belanger, Alan Jepsen y Ashish Sharma. El equipo ha estructurado colectivamente más de $10 mil millones en compromisos de deuda y cuenta con más de 20 años de experiencia en la economía de la innovación.
Axos Bank, Axos Financial (NYSE: AX)의 자회사,는 기술 및 생명 과학 뱅킹 부서를 출범했습니다. 실리콘 밸리의 베테랑인 Rod Werner가 이끄는 이 부서는 팔로 알토, 샌프란시스코, 보스턴, 뉴욕, LA에서 운영됩니다. 새로운 부서는 소프트웨어, 인공지능, 핀테크 및 헬스케어 IT 분야를 겨냥한 스폰서 금융, 대출자 금융 및 펀드 금융의 세 가지 수직 분야에 집중할 것입니다.
Werner는 William Sweeney, Greg Belanger, Alan Jepsen 및 Ashish Sharma를 포함한 10명의 경험이 풍부한 전문가 팀에 합류합니다. 이 팀은 collectively $100억 달러의 채무 약속을 구조화했으며 혁신 경제 분야에서 20년 이상의 경험을 보유하고 있습니다.
Axos Bank, filiale d'Axos Financial (NYSE: AX), a lancé sa Division de Banque pour la Technologie et les Sciences de la Vie. Dirigée par le vétéran de la Silicon Valley Rod Werner, la division opèrera à Palo Alto, San Francisco, Boston, New York et Los Angeles. La nouvelle division se concentrera sur trois secteurs : Financement de Sponsors, Financement de Créanciers et Financement de Fonds, ciblant les secteurs du logiciel, de l'IA, de la Fintech et des IT de la santé.
Werner rejoint une équipe de dix professionnels expérimentés, y compris William Sweeney, Greg Belanger, Alan Jepsen et Ashish Sharma. L'équipe a structuré collectivement plus de 10 milliards de dollars en engagements de dette et apporte plus de 20 ans d'expérience dans l'économie de l'innovation.
Axos Bank, Tochtergesellschaft von Axos Financial (NYSE: AX), hat seine Banking-Abteilung für Technologie und Lebenswissenschaften gegründet. Unter der Leitung des erfahrenen Silicon-Valley-Profis Rod Werner wird die Abteilung in Palo Alto, San Francisco, Boston, New York und Los Angeles tätig sein. Die neue Abteilung wird sich auf drei Bereiche konzentrieren: Sponsor Financing, Lender Financing und Fund Financing, mit einem Fokus auf die Sektoren Software, KI, Fintech und Gesundheits-IT.
Werner wird von einem Team aus zehn erfahrenen Fachleuten unterstützt, darunter William Sweeney, Greg Belanger, Alan Jepsen und Ashish Sharma. Das Team hat gemeinsam über 10 Milliarden Dollar an Schuldverpflichtungen strukturiert und bringt mehr als 20 Jahre Erfahrung in der Innovationswirtschaft mit.
- Expansion into high-growth technology and life sciences sectors
- Experienced leadership team with proven track record of $10B+ in debt commitments
- Geographic expansion into major tech hubs (Palo Alto, San Francisco, Boston, New York, LA)
- Diversification of revenue streams through three distinct banking verticals
- None.
Insights
This strategic expansion into Silicon Valley's tech and life sciences sector represents a significant growth opportunity for Axos Bank. The hiring of Rod Werner and his team of 10 experienced bankers, who collectively have structured over
The geographic expansion into major tech hubs (Palo Alto, San Francisco, Boston, New York and LA) combined with the focus on high-growth sectors like Software, AI, Fintech and Healthcare IT could drive substantial revenue growth through recurring credit lines and M&A financing. This move is especially timely given recent disruptions in the regional banking sector, creating an opportunity for Axos to establish itself as a key player in tech banking.
Silicon Valley industry veteran Rod Werner joins as Head of Technology and Life Sciences Banking along with 10 experienced bankers
The new division will have dedicated teams in
“The technology and life science community is looking for the next leader in banking, and Axos has the financial stability, entrepreneurial spirit, and client-focused model to become a trusted partner,” said Greg Garrabrants, President and CEO of Axos Financial, Inc. “Under Rod’s leadership, Axos will offer a comprehensive set of banking solutions, supported by turnkey technology and responsive client service.”
Rod is joined by a team of ten seasoned professionals that has worked together in the innovation economy for over 20 years, successfully structuring more than
“Our team has spent decades working together in the innovation economy sectors, and joining Axos allows us to bring our expertise to a rapidly evolving landscape,” added Werner. “Axos has always been a digital-first company, and we are thrilled to set a new standard for how tech-focused banking should be done.”
Learn more about Axos Bank's specialized banking expertise at axosbank.com.
About Axos Bank
Axos Financial, Inc., with approximately
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112451022/en/
Abbie Sheridan
Greenrose Communications
Phone: 1-516-286-7056
Email: abbie@greenrosepr.com
Source: Axos Financial, Inc.
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