A lot can change in a few weeks.
In early March, it was business as usual for the venture banking division at Silicon Valley Bank. Then their world was turned upside down. And in the weeks since SVB imploded and was acquired by North Carolina-based First Citizens, there’s been a steady exodus of talent. Among the first to depart: Jake Moseley, Ted Wilson, and Matt Trotter, who left to join St. Louis-based financial services firm Stifel as venture banking managing directors based in San Francisco. The former head of tech corporate banking at SVB, Chris Stedman, joined Stifel in April as a managing director. Former head of health care and technology David Sabow and a slew of bankers on his team recently left for HSBC, taking on commercial banking roles in tech and healthcare.
