Silicon Valley Bank Hires New Chief Information Officer

SANTA CLARA, Calif., June 3, 2013 /PRNewswire/ -- Silicon Valley Bank, the premier financial partner to innovative companies of all sizes and their investors worldwide, hired Beth Devin as its new Chief Information Officer to direct the company's global information technology initiatives.

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"Beth is a great addition to our team with experience that will help us better serve our clients, and take advantage of disruptive financial tools," said Bruce Wallace, Chief Operations Officer, Silicon Valley Bank. "As we continue to grow, expand internationally and work with clients large and small, Beth and her team will be instrumental in helping us deliver SVB's products and services to our innovative clients around the world."

In her new role at Silicon Valley Bank, Devin is responsible for leading the information technology team, including SVB's global IT infrastructure, and partnering with our banking teams worldwide to continue to provide excellent service to our clients.

Devin joins the company from Manilla.com, an online and mobile start-up focused on consumer account and bill management, where she was the Chief Technology Officer. She brings more than 30 years of technology leadership experience from a variety of industries including financial services, eCommerce, telecommunications, and cable broadcasting. Prior to Manilla.com, Devin was CIO/CTO of Art.com, and the CIO/CTO at Blackhawk Network. She also held several executive technology positions at Charles Schwab. She is an active member of the International Women's Forum (IWF) and We are Watermark, and was a guest columnist on The Jane Dough.com. She is a board trustee for the Freedom from Hunger organization and is an industry advisor to the California Community College Economic Workforce Development Program (EDPAC).

About Silicon Valley Bank

Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 28 U.S. offices and six international operations.  (Nasdaq: SIVB) www.svb.com.

Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB Financial Group is also a member of the Federal Reserve System.

SOURCE Silicon Valley Bank