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4-Traders Homepage  >  Equities  >  Nasdaq  >  SVB Financial Group    SIVB

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SVB Financial Group : Silicon Valley Bank UK Expands Into Life Science Sector

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10/07/2013 | 01:09pm CEST

Silicon Valley Bank, financial partner to the technology, life science, cleantech, private equity and venture capital industries announced the appointment of Nooman Haque as Director of Life Science in the UK today. The new position and Nooman's expertise will strengthen support for the life science and healthcare sectors in the UK and improve collaboration with businesses and investors across borders.

Nooman's background is in healthcare and financial services, having most recently worked for London based venture capital firm, Committed Capital. Prior to that, he worked for Sanabil Investments, leading the investment team with a focus on healthcare and financial services.

Over the course of his career, Nooman has been involved in $700m worth of transactions in the healthcare sector, including pharma, medtech and clinical services. His experience extends across different products and includes advisory work. He also serves as an advisor to the Impetus Trust, a charity applying venture capital principles to philanthropy.

Commenting on his appointment, Nooman said: "I'm thrilled to be joining Silicon Valley Bank and to be working with some of the most compelling technology businesses in the world. The UK is home to world-class expertise in life science and I'm excited at the prospect of working with these innovative businesses. Together with the proven experience of our life science team in the US, Silicon Valley Bank is ideally positioned to assist our clients. "

Erin Lockwood, Managing Director of Commercial Banking for Silicon Valley Bank's UK Branch, said: "As we continue to grow our UK presence, we are expanding our efforts to contribute to the success of businesses in the life science sector, in addition to a variety of technology industries. Nooman's relevant experience and knowledge in this area is a valuable asset, and we welcome his contributions."

About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life sciences, cleantech, venture capital, private equity and premium wine businesses. Silicon Valley Bank and its affiliates within SVB Financial Group provide industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 27 US offices and seven international operations in China, India, Israel and the UK. http://www.svb.com/uk

Silicon Valley Bank is authorised and regulated by the California Department of Financial Institutions and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

Contact:
Louise Travers
Silicon Valley Bank - UK Branch
+44 (0)20 7367 7877
[email protected]



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