SVB Securities Continues Build Out of Technology Investment Banking Platform with Addition of Scott Silverglate

Rhea-AI Summary

SVB Securities announced the hiring of Scott Silverglate as Senior Managing Director for its Technology Investment Banking team on February 28, 2023. This marks the 16th senior appointment in the team, which has grown to over 70 professionals in just 18 months. Silverglate, previously with Goldman Sachs, brings extensive experience in technology M&A, advising on around $100 billion in transactions. The firm aims to enhance its client service with specialized sector knowledge and a full range of capital solutions, helping clients innovate in the technology and healthcare sectors.

Positive

• Addition of Scott Silverglate may strengthen SVB Securities' Technology Investment Banking division.
• Team has grown rapidly, indicating strong demand and growth potential in the investment banking sector.

Negative

• None.

The firm has grown its team to over 70 Technology Investment Banking professionals in the last 18 months. Silverglate marks the franchise's 16^th Senior Managing Director hire.

BOSTON, Feb. 28, 2023 /PRNewswire/ -- SVB Securities, a leading investment bank serving the innovation economy, announced today the addition of Scott Silverglate as Senior Managing Director of the firm's Technology Investment Banking team. Silverglate brings decades of experience advising clients across the technology sector, with a consistent focus on software.

"We are excited to add Scott to our powerhouse team of technology investment bankers who are leaders in the software, internet, fintech and IT services industries" said Jason Auerbach, Global Head of Technology Investment Banking. "Scott brings differentiated expertise and insights across the software sector and has served as a trusted advisor on many sector-defining transactions in industrial software."

Silverglate joins from Goldman Sachs, where he was most recently a Managing Director and Global Head of Industrial Software. In nearly a decade at Goldman Sachs, Scott advised on approximately $100 billion of technology mergers and acquisition activity across more than 40 transactions and led equity financings for leading growth companies in the space. Prior to Goldman Sachs, Scott worked with many current members of the SVB Securities team while a Senior Vice President at Jefferies.

SVB Securities formed its Technology Investment Banking division in August 2021. It has seen tremendous growth, attracting over 70 top-tier investment banking professionals. The teams' immediate traction and continued hiring momentum reflects SVB Securities' commitment to its client-first focus.

"SVB Securities offers unique sector specialization alongside a full spectrum of capital and banking solutions in partnership with the commercial bank's technology sector expertise," said Silverglate. "I look forward to joining a familiar team who is highly collaborative that consistently works to engage and serve its clients." 

SVB Securities' Technology Investment Banking team delivers insightful strategic and financial advice that leverages our expansive and powerful network of relationships for the benefit of our clients. The team has decades of proven senior-level experience focusing on M&A advisory, private placements, and capital markets in the technology sector. 

To learn more, visit: https://www.svbsecurities.com/ 

About SVB Securities
As a leading investment bank serving the innovation economy, SVB Securities helps its clients move healthcare and technology forward. With differentiated sector knowledge, deep expertise, and an extensive suite of capital market and advisory solutions, the firm is the innovation economy's partner of choice. SVB Securities is one of SVB Financial Group's (Nasdaq: SIVB) core businesses, along with Silicon Valley Bank, SVB Private, and SVB Capital. Learn more at svb.com. [SIVB-L]

SVB Securities
Contact: Diane Vieira
(617) 918-4097

Prosek Partners for SVB Securities
Contact: Mara Bernstein
(646) 818-9278

 

View original content:https://www.prnewswire.com/news-releases/svb-securities-continues-build-out-of-technology-investment-banking-platform-with-addition-of-scott-silverglate-301757574.html

SOURCE SVB Securities

FAQ

What recent hiring was announced by SVB Securities?

SVB Securities announced the hiring of Scott Silverglate as Senior Managing Director.

On what date did SVB Securities announce the Silverglate hiring?

The announcement was made on February 28, 2023.

How many professionals are in the Technology Investment Banking team at SVB Securities?

The Technology Investment Banking team has grown to over 70 professionals.

What experience does Scott Silverglate bring to SVB Securities?

Scott Silverglate brings decades of experience in technology M&A, having advised on approximately $100 billion in transactions.

What sectors does SVB Securities focus on?

SVB Securities focuses on the technology and healthcare sectors.

How many senior appointments has SVB Securities made in its Technology Investment Banking team?

SVB Securities has made 16 senior appointments in the Technology Investment Banking team.