SVB Private Bank Appoints Rohit Mehrotra as Head of Relationship Management

Rhea-AI Summary

SVB Private Bank, based in Santa Clara, California, announced the appointment of Rohit Mehrotra as head of relationship management on November 30, 2021. Mehrotra, with over 25 years of experience in wealth management and investment banking, will lead a national team of advisors focused on the innovation economy. Reporting to John Longley, he aims to enhance client service practices and attract new advisor talent. Previously at J.P. Morgan Private Bank, he specialized in life sciences and healthcare, making him well-suited to meet the needs of SVB's diverse clientele.

Positive

• Rohit Mehrotra's deep experience in wealth management may enhance service quality.
• Mehrotra's focus on recruiting new advisors could strengthen the advisory team.

Negative

• Potential concerns about continuity or adaptation to a new corporate culture.

SANTA CLARA, Calif., Nov. 30, 2021 /PRNewswire/ -- SVB Private Bank, a leading provider of private banking, wealth management and trust services, today announced the appointment of Rohit Mehrotra as head of relationship management.

SVB Private Bank is one of SVB Financial Group's four core businesses, along with Silicon Valley Bank, SVB Leerink and SVB Capital, and provides a full spectrum of wealth, trust and private banking services dedicated to helping clients simplify and strengthen their financial positions.

As head of relationship management, Mehrotra will lead a team of advisors nationally who deliver holistic wealth advice to clients in the innovation economy. He will create client service practices that leverage the deep technical expertise across the Private Bank and SVB's other businesses. He will also support efforts to recruit additional advisor talent to SVB. Mehrotra will report to John Longley, head of the Private Bank, Wealth, Trust and Wine group.

"Rohit is a talented executive who brings deep experience leading and developing advisor teams,'' said Longley. "He is well versed in the needs of clients in the healthcare, life sciences and technology sectors, and will help us to deliver the full spectrum of SVB's advice and solutions to clients in the innovation ecosystem."

Mehrotra brings more than 25 years of experience in wealth management, investment banking and strategic consulting. He joins SVB from J.P. Morgan Private Bank after 11 years in a variety of leadership positions. Most recently, Mehrotra served as head of J.P. Morgan Private Bank's Central and South Jersey region, based out of the firm's Princeton office. He was also the national lead for J.P. Morgan Private Bank's Life Sciences & Healthcare practice, where he supported a team of more than 60 private bankers across the U.S. to serve the unique needs of entrepreneurs, private capital investors and board members in the life sciences industry.

Mehrotra holds an MBA from the Tuck School of Business at Dartmouth College and a BS in applied economics from Cornell University. He serves as a director and advisor on several non-profit boards, including Big Brothers / Big Sisters Independence Region, The Greenlight Fund, Cornell University Dyson School, and McCarter Theatre Center.

About SVB Private Bank
SVB Private Bank offers a full range of wealth management, trust, brokerage and investment management, and banking services designed for the specialized financial needs of entrepreneurs, executives and investors behind the world's most innovative companies. SVB Private Bank is one of SVB Financial Group's (Nasdaq: SIVB) core businesses. Learn more at svb.com/private-bank. [SIVB-C]

Boston Private Bank and Trust Co. has been merged into and is now Silicon Valley Bank. Banking, lending and trust products or services under the name Boston Private are offered by Silicon Valley Bank, a California bank with trust powers. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB) and a member of the Federal Reserve System and the FDIC.

SVB Wealth Advisory (member FINRA and SIPC; SEC-registered investment adviser) offers brokerage and investment management products and services, and is a wholly-owned, non-bank subsidiary of Silicon Valley Bank. Boston Private Wealth LLC (an SEC-registered investment adviser) offers wealth management services and is also a wholly-owned, non-bank subsidiary of Silicon Valley Bank.

Products offered by SVB Wealth Advisory, Inc.:

Are not insured by the FDIC or any other federal government agency

Are not deposits of or guaranteed by a bank

May lose value

 

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SOURCE Silicon Valley Bank

FAQ

What is the significance of Rohit Mehrotra's appointment at SVB Private Bank?

Rohit Mehrotra's appointment as head of relationship management is significant as he brings extensive experience in wealth management, which may improve client services.

When was Rohit Mehrotra appointed head of relationship management at SVB Private Bank?

Rohit Mehrotra was appointed on November 30, 2021.

What prior experience does Rohit Mehrotra have before joining SVB Private Bank?

Before joining SVB, Mehrotra worked at J.P. Morgan Private Bank for 11 years in multiple leadership roles.

Who will Rohit Mehrotra report to at SVB Private Bank?

Rohit Mehrotra will report to John Longley, head of the Private Bank, Wealth, Trust and Wine group.

What is the focus of SVB Private Bank?

SVB Private Bank focuses on providing wealth management, trust, and private banking services, emphasizing the needs of clients in the innovation economy.