SVB Financial Group in Santa Clara, Calif., has filled two key executive posts.
The $212.9 billion-asset SVB said in a press release that Erin Platts had been named president of SVB Private and David Sabow will become CEO of Silicon Valley Bank UK and Head of EMEA.
Sabow’s appointment requires U.K. regulatory approval.
Platts and Sabow will move into their new roles in the second quarter. Platts will also join SVB’s executive committee.
Platts and Sabow “have been instrumental in our growth and have the client focus, track record, industry experience, and extraordinary talent to lead SVB forward with our expanded platform serving the innovation economy,” Greg Becker, SVB’s CEO, said in the release.
“With their leadership, we will build on the strengths of our global commercial banking, wealth management and private banking businesses to deliver the insights, connections, products and services that meet the unique needs of our clients,” Becker added.
Sabow, who recently served as head of technology and healthcare banking, will succeed Platts as head of EMEA and CEO of Silicon Valley Bank UK.