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Silicon Valley Bank’s Chief Risk Officer Is Out, Months After Taking the Job

Silicon Valley Bank's (SVB) new chief risk officer (CRO), Kim Olson, is reportedly leaving the bank along with at least one other executive and the chief audit executive. Olson had only been in the role for three months before the bank was shut down by regulators. SVB did not respond to TechCrunch's request for comment on the departures. HSBC USA announced that it has hired 40 bankers from SVB to build a new offering dedicated to the innovation economy. The bank has poached veteran SVB talent, including the chief business development officer, head of Life Science and healthcare, head of tech and healthcare banking, and head of technology credit solutions. SVB was shut down by regulators in March 2023.

(By Natasha Mascarenhas)

Silicon Valley Bank Banking Crisis SVB
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