Today's City Moves includes Silicon Valley Bank, Beringea and Fidelity International.
Silicon Valley Bank
Silicon Valley Bank (SVB) has announced Erin Platts as head of Europe, the Middle East and Africa and president of Silicon Valley Bank’s UK branch. Erin’s appointment was approved by the Financial Conduct Authority and makes her the bank’s youngest president. She replaces Phil Cox, who has taken the chief operating officer role at the bank’s headquarters in Santa Clara, California. Erin has promoted Simon Bumfrey to her previous role, head of relationship banking, Europe. A 15-year veteran of SVB, she has a strong background in market and product development, delivering upon banking and debt transactions across technology and life sciences companies and their investors. She is also experienced in leading established businesses and building new teams from the ground up. Erin began her career on the client service team and has progressed through the business at an impressive rate. Her initial focus is to continue to build out the UK banking platform by introducing new financial products and services to help technology and life science companies scale.
Beringea has announced the recruitment of Andrew Webster, a growth finance professional with more than three decades of experience lending to scaling businesses. Andrew will join as an investment director of Proven Legacy, a specialist debt provider for growing businesses. Andrew has held a number of senior roles at leading venture and growth investors. In 2011, he was a partner in the founding team of Boost & Co, a growth capital and venture debt provider. Previously, Andrew had been a director of Noble Venture Finance, a leading European venture finance fund. He has also held senior roles at ING and Kleinwort Benson. At Beringea, Andrew will assist Proven Legacy with sourcing investments, executing deals and growing its funds under management. He will support Mark Taylor, partner at Beringea, who directs the firm’s debt-based finance.
Fidelity International has announced the appointment of Andrew McCaffery in a newly created role as global chief investment officer (CIO), alternatives and solutions. In the new role, Andrew will spearhead the development of Fidelity International’s alternatives and solutions franchises, incorporating the existing multi asset, investment solutions design and real estate teams. He will also drive the development of new capabilities in these areas .He joins Fidelity after eight years at Aberdeen Standard Investments.