The Bank Slate


Greg Becker resigns as SVB Financial CEO

Greg Becker has resigned as CEO of SVB Financial Group in Santa Clara, Calif.

The company disclosed in a regulatory filing that Becker, who had been its CEO, stepped down on Wednesday. He also resigned from SVB’s board.

SVB also disclosed the Daniel Beck had resigned as chief financial officer.

Becker entered into an agreement to provide consulting services to the company as needed – at no cost.

Nicholas Grossi, a managing director at Alvarez & Marsal, the firm hired to oversee SVB’s strategic alternatives, was named interim CFO.

SVB lost its bank when it was closed by regulators in March. It remains the holding company for SVB Capital and SVB Securities.

Separately, SVB said it postponed an annual meeting that had been set for April 27. The company said it plans to reschedule the meeting.

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