Silicon Valley Bank Names Bruce Wallace Chief Digital Officer and Hires Chief Operations Officer Michael Dreyer

Nov 09, 2015, 16:15 ET from Silicon Valley Bank

SANTA CLARA, Calif., Nov. 9, 2015 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, today announced that Bruce Wallace takes on the role of Chief Digital Officer and Michael Dreyer joins the company's executive management team as Chief Operations Officer (COO), effective November 11, 2015.

"In support of our commitment to continued growth and operational excellence, we added the role of Chief Digital Officer to our management team and we welcome Mike to lead our global technology and infrastructure teams," said Greg Becker, President and CEO of Silicon Valley Bank.  "Mike's depth of experience and operational leadership in the financial and technology sectors are the right combination of skills at this time in our history as we continue to expand our services, working with innovators around the world."

Dreyer picks up the position from former SVB COO Bruce Wallace, who is now responsible for transforming the company's digital banking experience and overseeing SVB's fee-based product businesses as SVB's Chief Digital Officer.  In his role as COO, Dreyer will oversee SVB's core operations, enterprise project management, client service and information technology teams.

Formerly COO and President of the Americas for Monitise, Dreyer was responsible for the design, build, and operations of its technology globally, and he ran the company's Americas business. Previously, he was the CIO of Visa Inc., responsible for the company's systems and technology platforms and Chief Information Officer of Inovant, where he oversaw the development and management of Visa's global systems technology. He also held executive positions at Visa USA as senior vice president of processing and emerging products, and senior vice president of commercial solutions. Additionally, Dreyer held senior positions at American Express, Prime Financial, Inc., Federal Deposit Insurance Corporation (FDIC) and Bank of America.

About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Forbes named SVB one of America's best banks (2015) and one of America's best-managed companies (2014). Learn more at svb.com.

Silicon Valley Bank is the California bank subsidiary and commercial banking operation of SVB Financial Group (Nasdaq: SIVB), and a member of the FDIC. Silicon Valley Bank and SVB Financial Group are members of the Federal Reserve System.

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SOURCE Silicon Valley Bank



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