Silicon Valley Bank

Silicon Valley Bank expanding Canadian life-sciences, venture-capital and private-equity businesses

Silicon Valley Bank (SVB) is bringing in new executives to grow its roster of life-sciences, venture-capital and private-equity clients in Canada.

This would be the first time the Santa Clara, Calif.-headquartered financial firm has managing directors for these areas in Canada.

The new hires follow the announcement that SVB’s country head would depart in June. They would double the number of staff at the managing director and above that it has in the country, and open new fronts in its growing competition for innovation clients with Canada’s largest banks.

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