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Fortune
Fortune
Will Daniel

How the Communist Party quietly took over SVB's China operation, according to a former CEO

(Credit: Photo by Zhu Lan/Visual China Group via Getty Images)

Everyone knows about Silicon Valley Bank's (SVB) infamous collapse, but few know the man who helped build the bank’s foundation: Ken Wilcox.

Wilcox made his name by pushing a tech-focused strategy that ushered in an era of rapid growth at SVB Financial Group, the parent of the now-infamous SVB. He spent more than 30 years at the bank in total, including a decade as CEO beginning in 2001, and he isn’t too thrilled with his successors after its failure.

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