Silicon Valley Bank appoints leadership to bolster healthcare.

Company Announces New Leadership Roles in Life Science and Healthcare Banking

San Francisco, July 27, 2023 /PRNewswire/ — Silicon Valley Bank, a division of First Citizens Bank, has named Jackie Spencer as the new Head of Relationship Management for Life Science and Healthcare Banking. Megan Scheffel has also been appointed as the Head of Credit Solutions for the Life Science and Healthcare practice. Both Spencer and Scheffel report to Joan Parsons, the Head of Technology and Healthcare Banking at Silicon Valley Bank.

SVB Strengthens Support for Life Science and Healthcare Companies

In an effort to strengthen its support for companies in the Life Science and Healthcare sectors, Silicon Valley Bank provides specialized banking services, debt-financing solutions, industry partnerships, and market insights. The bank’s nationwide Life Science and Healthcare practice offers tailored financial solutions to companies and investors in biopharma, healthtech, medical services, and diagnostics tools.

Jackie Spencer: New Head of Relationship Management

As the new Head of Relationship Management for Life Science and Healthcare Banking, Jackie Spencer leads a nationwide team dedicated to serving the unique needs of early to late-stage companies in the industry. With extensive experience in strategic capital management and as a Managing Director, Spencer brings invaluable leadership and sector knowledge to her new role.

Megan Scheffel: New Head of Credit Solutions

Megan Scheffel, the newly appointed Head of Credit Solutions, oversees a nationwide team responsible for providing holistic and specialized debt financings to support Silicon Valley Bank’s Life Science and Healthcare clients. Scheffel’s previous experience as a Global Senior Credit Officer and Region Manager equips her to deliver expert advice and financial solutions to companies at all stages of growth.

SVB Releases Mid-Year Healthcare Investments and Exits Report

Continuing to provide insights on the Healthcare market, Silicon Valley Bank has released its Healthcare Investments and Exits 2023 Mid-Year report. Co-authored by Jackie Spencer, the report analyzes venture capital investing, fundraising, M&A activity, and exits for the biopharma, medical device, diagnostics and tools, and healthtech sectors in the US based on data from the first half of 2023.

About Silicon Valley Bank

Silicon Valley Bank (SVB), a division of First Citizens Bank, is the leading bank for innovative companies and investors. SVB offers commercial and private banking services to individuals and companies in the technology, life science and healthcare, private equity, venture capital, and premium wine industries. With deep sector expertise and insights, SVB operates in innovation centers throughout the United States to meet the unique needs of its dynamic clients. SVB’s parent company, First Citizens BancShares, Inc., is a top 20 U.S. financial institution with over $200 billion in assets. Learn more at svb.com.

SOURCE: Silicon Valley Bank

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