Ashraf Hebela to lead
Technology & Healthcare Banking; Lewis
Hower to lead Startup Banking
SANTA
CLARA, Calif., Feb. 8, 2023
/PRNewswire/ -- Silicon Valley Bank, the bank of the world's
most innovative companies and investors, today announced that
Ashraf Hebela has been named
the new Head of Technology & Healthcare Banking for
North America. He succeeds
Dave Sabow who SVB recently
named as CEO of Silicon Valley Bank UK and Head of EMEA,
pending regulatory approval. The company also announced that
Lewis Hower will step up to
lead Startup Banking.
"As we continue to support companies across the innovation
economy, Ashraf and Lewis have the expertise to lead their teams
and deliver financial solutions and advice to help our clients
succeed and scale. They both bring invaluable leadership and
extensive experience to their new roles," said Mike Descheneaux, President of Silicon Valley
Bank.
Through its Technology and Healthcare Banking division, Silicon
Valley Bank provides banking solutions, industry
partnerships, and leading market insights to innovation
companies across each sector. In his new role, Hebela will lead
technology and healthcare focused banking teams across the US and
Canada and oversee analytics and
sales operations.
"Companies across technology and healthcare are the primary
growth drivers of the innovation economy and are improving lives
and creating opportunities," said Ashraf
Hebela, Head of Technology & Healthcare Banking for
Silicon Valley Bank. "I'm excited to take on this new role as we
continue to support our clients from a position of strength and
provide them with the platform of solutions, advice and industry
connections they need."
Silicon Valley Bank's Startup Banking division provides banking
products, solutions and advice designed for technology, life
science and healthcare founders. In his role, Hower will lead a
team of 100 startup banking experts committed to helping companies
with their financial services and banking needs, providing advice
on fundraising, setting companies up for success, and making
connections to investors.
"Silicon Valley Bank has been proudly serving the innovation
economy for 40 years and we have unparalleled experience and
expertise supporting startups in particular," said Lewis Hower, Head of Startup Banking at Silicon
Valley Bank. "Through the strength of our platform across SVB, we
are uniquely positioned to support the evolving needs of our
clients and help them build their businesses as they grow. I'm
excited to lead this team as we build upon our longstanding history
as the financial partner of the innovation economy."
Since joining SVB in 2009, Hebela has held a variety of key
roles including Head of Analytics Product Management, Head of
Analytics and Sales Operations and, most recently, Head of Startup
Banking. He also served as Chief of Staff to SVB CEO Greg Becker. Before joining SVB in 2009,
Hebela held senior positions at NorthStar Systems and Siebel
Systems.
Prior to his new role, Hower served as Managing Director with
Silicon Valley Bank's Startup Banking division. Before joining
SVB in 2018, he was a strategic consultant for Nike where he worked
with the Advanced Innovation and Early-Stage Investment group.
Previously, he was a co-founder and early employee of startups and
funds focused on advancing innovation.
Hebela and Hower are based in San
Francisco, CA.
About Silicon Valley Bank
Silicon Valley Bank, the
bank of the world's most innovative companies and investors,
provides commercial banking services, expertise and insights to the
technology, life science and healthcare, private equity, venture
capital and premium wine industries. Silicon Valley Bank operates
in centers of innovation around the world and is one of SVB's core
businesses with SVB Capital, SVB Private and SVB Securities. With
global commercial banking services, Silicon Valley Bank helps
address the unique needs of its dynamic, fast-growing, innovative
clients. Learn more at svb.com.
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 (SVB) (Nasdaq: SIVB). SVB Financial Group is the holding
company for all business units and groups. © 2023 SVB Financial
Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON
VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and the
chevron device are trademarks of SVB Financial Group, used under
license. [SIVB-C]
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SOURCE Silicon Valley Bank
