TORONTO, May 5, 2020 /CNW/ -- Silicon Valley Bank (SVB),
the bank of the world's most innovative companies and their
investors, today announced the appointment of Paul Parisi as its new Head of Canada, effective today. In this role, Parisi,
formerly the president of PayPal Canada, will provide leadership
and strategic oversight for all of Silicon Valley Bank's activities
in Canada, including business
development, operations and corporate governance.
SVB has served the Canadian market from its US operations since
2000 and secured its lending licence from the Superintendent of
Financial Institutions in Canada
in February 2019. SVB provides a
range of specialized financial services to Canadian clients such as
AcuityAds, HLS Therapeutics, KOHO, Radical Ventures, ResQ and
Shopify.
"Silicon Valley Bank is committed to supporting the growth of
the Canadian innovation ecosystem and Paul is the ideal leader to
help us build on our strong momentum in the market," said
David Sabow, Head of Technology and
Healthcare Banking in North
America. "Paul brings more than two decades of financial
services experience and direct experience in the technology sector.
He will be a valuable partner to our Canadian clients and an
experienced leader for our growing Canada team."
Silicon Valley Bank is dedicated to supporting the global
innovation economy and has focused on helping address the unique
needs of entrepreneurs, companies and investors in the technology
and life science sectors for more than 35 years. The bank works
with companies around the world through offices across the US,
Canada, the UK, Ireland, Germany, Denmark, Israel and China.
"Silicon Valley Bank is a trusted partner to innovative
companies because it understands its clients' needs at all life
stages and through the ups and downs of building a business," said
Paul Parisi, Head of Canada at Silicon Valley Bank. "I am proud to
join the Toronto-based team.
Silicon Valley Bank is like no other bank, and I'm looking forward
to jumping in and continuing to uphold its mission of increasing
its clients' probability of success."
Parisi was previously President of PayPal Canada where he
was responsible for the risk, regulatory, operations, sales and
go-to-market functions across the business. Prior to PayPal, he was
Vice President and General Manager of global commercial payments at
American Express Canada. He developed and drove business strategy
for corporate payments and small business services and held key
leadership positions in Canada, the US and the UK. Parisi
earned his bachelor's degree from the University of
Guelph.
About Silicon Valley Bank
For more than 35 years,
Silicon Valley Bank (SVB) has helped innovative companies and their
investors move bold ideas forward, fast. SVB provides targeted
financial services and expertise through its offices in innovation
centres around the world. With commercial, international and
private banking services, SVB helps address the unique needs of
innovators. Learn more at svb.com/canada.
©2020 SVB Financial Group. All rights reserved. SVB, SVB
FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the
chevron device are trademarks of SVB Financial Group, used under
license. Silicon Valley Bank is a member of the FDIC and the
Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial
Group (Nasdaq: SIVB). Silicon Valley Bank is an authorized foreign
bank branch under the Bank Act (Canada). Silicon Valley Bank does not accept
deposits from the public in Canada
and is not a member of the Canada Deposit Insurance
Corporation.
SOURCE Silicon Valley Bank