- SVB Financial Group's CEO and chief financial officer resigned while the failed bank's restructuring committee appointed a turnaround expert as interim CFO, according to a regulatory filing on today.
- CEO Gregory Becker resigned on April 19
- CFO Daniel Beck left the company on April 18
- The company hired Alvarez & Marsal (A&M) as a restructuring advisor.
- The restructuring committee appointed Nicholas Grossi of A&M as the company's interim chief financial officer on April 20.