USA — In a strategic move to bolster its support for companies in the Life Science and Healthcare sectors, Silicon Valley Bank (SVB), a division of First Citizens Bank, has appointed two seasoned veterans to lead key roles.
SVB announced that Jackie Spencer, a 16-year veteran at the bank, will now serve as the Head of Relationship Management for Life Science and Healthcare Banking.
Additionally, Megan Scheffel, who boasts an impressive 26-year tenure at SVB, has been named as the Head of Credit Solutions for the same practice.
These appointments mark a significant step in SVB’s commitment to providing top-notch financial solutions and industry expertise to its clients.
The Head of Technology and Healthcare Banking at SVB, Joan Parsons, expressed her confidence in the newly appointed leaders.
She stated, “As we continue to strengthen and invest in our support for companies across Life Science and Healthcare specialties, Jackie and Megan are well-positioned to lead their teams and deliver the financial solutions, partnership, and advice our clients rely on to succeed and scale.” “They both bring invaluable leadership, sector knowledge, and extensive experience to their new roles.”
SVB’s nationwide Life Science and Healthcare practice is dedicated to catering to the unique needs of companies and investors within these sectors.
The bank offers specialized banking services, debt-financing solutions, industry partnerships, and cutting-edge market insights, making it a preferred financial partner for ventures at all stages.
Jackie Spencer, in her role as Head of Relationship Management, leads a team that focuses on early to late-stage companies specializing in biopharma, healthtech, medical services, and diagnostics tools.
Her wealth of experience includes managing large syndicated, mezzanine, and convertible debt opportunities across the US, Canadian, and European Life Science and Healthcare markets.
Prior to this, she served as Managing Director, spearheading the West Coast biotech, diagnostics, and research tools team.
Her extensive background includes working in both technology and healthcare practices, with a focus on corporate finance.
Megan Scheffel, as Head of Credit Solutions, is responsible for providing holistic and specialized debt financings to support SVB’s Life Science and Healthcare clients at all stages of their growth journey.
With a notable career that spans global leadership roles, including serving as the Global Senior Credit Officer for Life Science and Healthcare, and leading teams in the Southeast and Mid-Atlantic Divisions, Scheffel brings a wealth of expertise and insights to her new position.
Continuing their commitment to provide relevant insights, SVB also released the Healthcare Investments and Exits 2023 Mid-Year report.
Co-authored by Jackie Spencer herself, the report delves into trends for venture capital investing, fundraising, M&A activity, and exits within the biopharma, medical device, diagnostics and tools, and healthtech sectors in the US.
This annual report based on data from the first half of 2023 serves as a valuable resource for investors and industry players seeking to navigate the ever-evolving Healthcare market landscape.
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