Silicon Valley Bank had no official chief risk officer ahead of collapse but employed DEI executive

Silicon Valley Bank (SVB) did not have a chief risk officer for the last eight months of 2022 as it barreled toward collapse – even as it employed a chief diversity officer over the same period.

SVB Chief Risk Officer Laura Izurieta entered into an agreement with the bank to shift into a non-executive role in late April 2022 as she transitioned out of the company, according to Forbes. READ MORE