SVB Financial Group in Santa Clara, Calif., has appointed a former U.S. Treasury official to its board.

The $40 billion-asset company said in a press release Wednesday that Mary John Miller, a former Under Secretary for Domestic Finance, will also serve on the board's finance committee.

While at Treasury, Miller was responsible for overseeing and managing the federal debt, regulatory reforms and fiscal operations of the government, and advising on policy in these areas. She left the agency in September.

Her background also includes 26 years at T. Rowe Price Group in Baltimore.

"As we continue to grow SVB both domestically and globally, Mary adds valuable skills to the board," Roger Dunbar, SVB's chairman, said in the release. "Her investment and regulatory knowledge, as well as cultural alignment, will enable Mary to add unique perspective and insight."

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