SANTA CLARA, CA, February 8, 2023 – This was announced today by Silicon Valley Bank, the bank of the world’s most innovative companies and investors Ashraf Hebela has been appointed as the new Head of Technology & Healthcare Banking for North America. He succeeds Dave Sabow, who SVB recently appointed CEO of Silicon Valley Bank UK and Head of EMEA, subject to regulatory approval. The company also announced this Lewis Hower takes over the management of startup banking.
“As we continue to support companies across the innovation economy, Ashraf and Lewis have the expertise to lead their teams and provide financial solutions and advice to help our clients succeed and scale. 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 for innovative companies across all sectors. In his new role, Hebela will lead technology and healthcare focused banking teams in the US and Canada and oversee analytics and sales activities.
“Technology and healthcare companies are the key growth drivers of the innovation economy, improving lives and creating opportunity,” said Ashraf Hebela, Head of Technology & Healthcare Banking at Silicon Valley Bank. “I look forward to taking on this new role as we continue to support our clients from a position of strength, providing 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 for startups in technology, life sciences and healthcare. In his role, Hower will lead a team of 100 startup banking professionals dedicated to helping businesses with their financial services and banking needs, advising on fundraising, building businesses for success and connecting with investors.
“Silicon Valley Bank has proudly served the innovation economy for 40 years, and we have unparalleled experience and expertise in supporting startups, particularly,” said Lewis Hower, Silicon Valley Bank’s head of startup banking. “The strength of our platform across SVB means we are uniquely positioned to support the evolving needs of our customers and help them build their businesses as they grow. I look forward to leading this team as we build on our strong history as a financial partner to the innovation economy.”
Since joining SVB in 2009, Hebela has held various key positions 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. Prior to joining SVB in 2009, Hebela held senior positions at NorthStar Systems and Siebel Systems.
Prior to his new role, Hower was a managing director in Silicon Valley Bank’s startup banking division. Before joining SVB in 2018, he was a strategic advisor for Nike, where he worked with the Advanced Innovation and Early-Stage Investment Group. Previously, he was a co-founder and early contributor to startups and funds focused on fostering innovation.
Hebela and Hower are based in San Francisco, California.
About Silicon Valley Bank
The bank of the world’s most innovative companies and investors, Silicon Valley Bank provides commercial banking services, expertise and insight into the technology, life sciences and healthcare, private equity, venture capital and premium wine industries. Silicon Valley Bank operates in innovation hubs 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 meet the unique needs of its dynamic, fast-growing and innovative customers. 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 banking subsidiary of SVB Financial Group (SVB) (Nasdaq: SIVB). SVB Financial Group is the holding company for all business areas and groups. © 2023 SVB Finance Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB C`ITAL and the Chevron Symbol are trademarks of SVB Financial Group used under license. [SIVB-C]
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