Tuesday, March 14, 2023

Meet SVB Securities Chief Administrative Officer Joseph Gentile (SIVB)

 Mr. Gentile did not have managerial oversight of the part of SVB that caused the collapse but as Adrienne points out he may be the poster child for failing upward in 21st century America.

From Going Concern, March 13:

This SVB Securities Exec’s Resume Reads Like a Wikipedia Page For 21st Century Accounting Trash Fires 

The fallout from the collapse of Silicon Valley Bank — the 16th largest bank in the country up until Friday — is only just beginning and while pundits and scribes at better publications than this one dutifully debate why it happened and what comes next, we’re here to point out the hilarious resume of SVB Securities Chief Administrative Officer Joseph Gentile:

His next employer better watch out (via SVB Securities)

It’s worth noting — and in case you weren’t going to note it yourself, there’s a press release to note it for you — that SVB Securities was acquired in January 2019 by SVB Financial Group, the parent of Silicon Valley Bank, and has since “maintained its financial and operational independence and has operated largely autonomously as a standalone subsidiary.”...

....MUCH MORE

Previously at Going Concern:

That's the last year or so, there are many, many more.