SANTA CLARA, Calif. After a six-month search, Silicon Valley Bancshares on Monday announced the appointment of Lauren Friedman as chief financial officer.
She succeeds Chris Lutes, who resigned June 30. Silicon Valley Bancshares is the $4.1 billion-asset holding company for Silicon Valley Bank.
Ms. Friedman had been chief financial officer at the San Francisco software start-up Round 1 Private Capital Marketplace. Before that she was a vice president at Bank of America Corp. and president of a consulting firm that specialized in banks.
Kenneth P. Wilcox, Silicon Valleys president and chief executive officer, said Ms. Friedmans software and consulting experience would add a fresh perspective to his management team.
Ms. Friedman said she was attracted to Silicon Valleys history of lending to entrepreneurs in high-tech.
Im excited to join a team of outstanding people who have built Silicon Valley Bank to b a leading provider of financial services to emerging growth companies, she said.
In addition, Silicon Valley announced the appointment of Jane Lodato as its head of marketing. In the newly created post she will oversee advertising, public relations, and Web and promotion functions.
Ms. Lodato was vice president of marketing at Alliant Partners, an investment banking firm that Silicon Valley bought in September.
