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Silicon Valley Bank UK appoints head of global fund banking team

Silicon Valley Bank (SVB) has appointed Gavin Rees as market manager on its global fund banking team in the UK.

The team serves private equity and venture capital funds with banking services and customised financing.
 
SVB banks businesses such as Momondo, Darktrace, ReceiptBank and Made.com.
 
Rees has over 25 years of commercial banking experience, of which 11 years were focused on funds finance and seven years on structured finance. He joins Silicon Valley Bank from Barclays, where he led the European private equity funds team. Before that, he was a founder member of WestLB’s funds finance group in New York.
 
Phil Cox, head of EMEA and president of Silicon Valley Bank’s UK branch, says: “We are delighted to welcome Gavin Rees to the team – Europe is a huge and growing market for alternative funds; with Gavin on board we are able to serve this exciting market even further.”
 
Rees adds: “I am thrilled to be joining a fantastic team at Silicon Valley Bank where we will be working with a growing number of European fund sponsors, particularly those in the innovation space, from first time fund managers to sponsors with multiple funds under their belt.”

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