Silicon Valley Bank’s chief risk officer is out, months after taking the jobReading Time: < 1 minutes
When Silicon Valley Bank’s collapse was first unfolding, a belated disclosure colored some of the chaos: The bank spent most of last year without a chief risk officer, and the one who left sold more than $4 million of stock in the bank before departing.
The departure comes just two weeks after a $72 billion chunk of SVB was bought by First Citizens Bank. The recent departures are on top of a string of executive exits, including former CEO Greg Becker and CFO Daniel Beck, who left when the bank was taken over by regulators.
Talent moves are sure to continue as a natural part of SVB’s transition to new ownership. It’s been a little over a month since Silicon Valley Bank was shut down by regulators.
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