Silicon Valley Bank (SVB) is planning to hire dozens of bankers by the end of the year for its newly-launched technology investment banking unit, as the startup-focused bank looks to cash in on record dealmaking activity in the United States, according to Reuters.
In an interview, Chief Executive Greg Becker said the Santa Clara, California-based lender plans to boost the size of its tech deals team to 50 in the coming months, after hiring ten senior tech bankers earlier this week.
The bank is recruiting capital markets experts, as well as junior bankers, as it looks to build a full-service investment bank, according to Becker.
In July, SVB said it planned to hire around 150 staff in Europe. The Nasdaq-listed bank saw its stock jumped over 53% year-to-date.
It seems that in Bucharest alone SVB is looking for 30 tech bankers. Below are some of the job alerts generated by the bank.
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For nearly 40 years (the bank was established in1983), Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast.
In 1996 the bank began US expansion to 15 states and starting to 2008 extended its operations outside US by opening an office in Israel, followed by U.K. branch & a joint venture bank in China in 2012, Ireland office in 2016 and Germany office in 2018. One year later, SVB opened Global Delivery Center in India, and new offices in Canada and Denmark.
Silicon Valley Bank serves innovative companies and their investors around the world in the technology, life science, venture capital, private equity and premium wine industries, providing financial and banking services to help them capitalize on business opportunities, raise capital, protect equity, manage cash flows and access global markets.
SVB banks roughly half of all venture-backed companies in the US and 63 percent of all US companies that completed an IPO in the first half of 2021.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
