SVB Financial Group in Santa Clara, Calif., has promoted several executives to lead key verticals.
The $213 billion-asset company said in a press release that Ashraf Hebela had become head of technology and healthcare banking.
Hebala, who previously served as head of startup banking, succeeded Dave Sabow, who was named CEO of Silicon Valley Bank UK and head of EMEA, pending regulatory approval.
SVB also said Lewis Hower succeeded Hebala as head of startup banking. He previously served as a managing director with Silicon Valley Bank’s startup banking division.
“As we continue to support companies across the innovation economy, Ashraf and Lewis have the expertise to lead their teams and deliver financial solutions and advice to help our clients succeed and scale,” Mike Descheneaux, president of Silicon Valley Bank, said in the release. “They both bring invaluable leadership and extensive experience to their new roles.”