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Silicon Valley Bank promotes two executives to key roles - San Francisco Business Times

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In a promising sign for Silicon Valley startups, a Silicon Valley Bank exec points out that VCs have hundreds of billions of dollars in dry capital to put to work. SVB_Financial

Silicon Valley Bank on Wednesday named longtime executive Ashraf Hebela head of technology and healthcare banking for North America, a key role at the bank that was founded 40 years ago to provide banking services to venture capitalists and their portfolio companies.

Since joining the bank in 2009, Hebela has filled several roles, including serving as chief of staff to SVB CEO Greg Becker as well as head of analytics and sales operations, and most recently, head of startup banking. Prior to joining SVB, Hebela held senior roles at NorthStar Systems and Siebel Systems.

Silicon Valley Bank is the commercial bank at SVB and one of its four core businesses, along with SVB Capital, SVB Private and SVB Securities. All are part of SVB Financial Group . SVB Financial Group stock, which typically rides the ups and downs of Silicon Valley, has rebounded 40% since the start of 2023 after losing two-thirds of its value in 2022.

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