Silicon Valley Bank Appoints New Chief Risk Officer

SANTA CLARA, Calif., Aug. 31, 2016 /PRNewswire/ -- Silicon Valley Bank, the bank of the global innovation economy, hired Laura Izurieta as the company's new Chief Risk Officer. Izurieta, who served as a leader in risk management for Capital One in various roles, will lead the enterprise-wide risk management, corporate compliance and regulatory relations functions at Silicon Valley Bank.  She will also be a member of the executive management team.

"Laura is a great addition to our team, bringing direct experience, a deep understanding of financial services and critical knowledge of the regulatory environment," said Greg Becker, President and CEO of Silicon Valley Bank. "Over many years helping the innovation economy succeed, we have had to become very good at managing risk. Laura joins us at a great time, as we continue to expand and evolve our risk culture accordingly."

Izurieta has 20 years of achievements in operations, risk management, large program delivery and culture change. She was previously the Executive Vice President and Chief Risk Officer, Retail and Direct Bank at Capital One where she held various roles including Senior Vice President of Enterprise Risk Management, Vice President of Corporate Reputation and Governance, Vice President of Capital One Home Loans and Vice President of Information Technology since 2000. Prior to Capital One, she held positions at Freddie Mac 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. Learn more at svb.com.

©2016 SVB Financial Group. All rights reserved. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. Silicon Valley Bank is a member of FDIC and Federal Reserve System. SVB>, SVB Financial Group, and Silicon Valley Bank, are trademarks of SVB Financial Group, used under license.

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SOURCE Silicon Valley Bank