Chief Investment Officer, Private Bank & Wealth Advisory

Silicon Valley Bank
New York, USA
Oct 15, 2019
Oct 23, 2019
Job Function
Wealth Management
Industry Sector
Finance - General
Employment Type
Full Time
SVB Financial Group is a diversified financial services company as well as a bank holding company. Through its various subsidiaries and divisions, SVB offers a diverse set of banking and financial products and services to clients across the United States, as well as in key international innovation markets. For 35 years, the Company has been dedicated to helping support entrepreneurs and clients of all sizes and stages throughout their life cycles, primarily in the technology, life science/healthcare, private equity/venture capital and premium wine industries.

SVB offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank, which is a California state-chartered bank founded in 1983 and a member of the Federal Reserve System. The Bank and its subsidiaries also offer asset management, private wealth management, brokerage and other investment services. In addition, through SVB Financial Group's other subsidiaries and divisions, the Company offers non-banking products and services.

SVB focuses on cultivating strong relationships with firms within the private equity and venture capital community worldwide, many of which are also clients and may invest in SVB's corporate clients.

SVB Private Bank has been run as an accommodation business serving primarily the personal lending needs of SVBs corporate clients. In 2011, a new Wealth Advisory business was also launched. Today, the Private Bank & Wealth Advisory (PB) is one of the bank's growing divisions and seeks to dramatically accelerate this growth. This position is a critical role to reposition PB from a "place to start" for founders and investors in to a "place to stay" including future generations. PB is in the process of launching a state of the art (cloud based), digitally-led wealth management platform for HNW and UHNW clients. The CIO will be a key influencer on the development of this new platform.

This position Chairs the Investment Committee and oversees all aspects of the investment portfolios for SVB PB including investment and portfolio strategies, capital market assumptions and portfolio construction. As CIO, the position will be the lead on business development for all UHNW clients and will maintain a regular media presence.

During this accelerated growth phase, the CIO will also lead the strategy for building a digital-led, multi-family office offering for the UHNW including Trust and Estate planning. Over the next nine months, SVB Wealth Advisory (RIA exists today) will become dually registered as introducing broker-dealer.

The CIO will be the primary liaison to SVB Capital, creating access for clients and using the broker-dealer to create other innovative products that will serve the unique needs of our innovation economy clients.

Roles and responsibilities:
  • Develop innovative solutions for our target client base - first generation wealth from the innovation economy
  • Provide overall direction on strategic asset allocation for client assets; work closely with the Client team to design investment policy and design asset allocation modeling tools to automate portfolio management function.
  • Build analytical framework for asset allocation and manager selection including intensive quantitative and qualitative fund research processes.
  • Maintain effective and efficient investment processes.
  • Chair the Investment Committee responsible for multi-asset investment decisions implemented in client portfolios; recommend new strategies and changes to existing investment policies based on allocations in tax-aware framework.
  • Explore innovative and new approaches to the investment process.
  • Review all investment portfolio performance and present reports to management.
  • Oversee the selection and training of all new employees in investment-related activities and evaluate performance.
  • Lead internal and external communications.
  • Manages the Investment Portfolio of the corporation conducting investment security analysis and balancing portfolio risk and return with corporate objectives. Generates trade strategies that enhance return and reduce risk.
  • Manages the Wholesale Funding Position of the corporation with the Treasurer in accordance with ALCO directives. Generates trade strategies that enhance return and reduce risk.
  • Provides regular communication to executive management regarding changes in regulations, risks, portfolio performance and market factors affecting valuation of related financial instruments under management.
  • Provides periodic interest rate forecasts and relevant market information regarding interest rates and the economy to multiple internal constituents.



20+ years' experience in financial industry and/or business management. Knowledge related to the above businesses and Wealth Management preferred. 20+ years of experience in portfolio management, preferably for trust accounts.
  • Experience in successfully leading wealth management organization
  • Strategic and empathetic manager - including hiring, mentoring and development
  • Demonstrated leadership skills such as organizing, problem solving, decision-making, planning and active listening
  • Excellent verbal and written communication skills
  • Strong presentation skills with clients and firm leaders
  • In-depth knowledge of return generation strategies, asset classes and various investment products
  • Expert in managing the full spectrum of equity investments, fixed income and alternative strategies for the company
  • Solid work ethic with a strong degree of integrity
  • Strong verbal/written communications with ability to tailor message to audience
  • Proven ability to work across departments to influence others at senior levels, and build strong relationships
  • Demonstrated leadership in setting strategy and driving an agenda
  • Strong people and process management skills
  • Ability to delegate effectively and manage delivery/execution of a wide range of tasks and initiatives
  • Ability to work independently and possess a strong sense of accountability/ownership
  • Strong organizational and analytical skills
  • Ability to use desktop tools to develop presentations for senior management- working knowledge of MS Office, particularly excel and PowerPoint
  • Series 66, Series 24
  • MBA preferred; BA in Business, Finance, Accounting or equivalent required
  • CFA

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