Silicon Valley Bank, a division of First Citizens Bank, announced that 16-year SVB veteran Jackie Spencer has been named the new Head of Relationship Management for Life Science and Healthcare Banking. The company also announced that 26-year SVB veteran Megan Scheffel was named Head of Credit Solutions for the Life Science and Healthcare practice. Spencer and Scheffel report to 30-year SVB leader Joan Parsons, Head of Technology and Healthcare Banking at Silicon Valley Bank (SVB).
“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,” said Parsons.
Through its nationwide Life Science and Healthcare practice, SVB provides specialized banking services, debt-financing solutions, industry partnerships, and leading market insights to companies and investors across the sectors. As head of Relationship Management, Spencer leads a nationwide team dedicated to serving the unique needs of early to late-stage companies specializing in biopharma, healthtech, medical services and diagnostics tools.
Prior to her current role, Spencer worked on SVB’s strategic capital team where she managed large syndicated, mezzanine and convertible debt opportunities in the US, Canadian and European Life Science and Healthcare markets. She also previously served as Managing Director where she led the West Coast biotech, diagnostics and research tools team. Since joining SVB in 2007, Spencer has worked in both the technology and healthcare practices from emerging market to late-stage corporate finance. She is based in San Francisco, CA.
As Head of Credit Solutions, Scheffel leads a nationwide team responsible for providing holistic and specialized debt financings to support SVB’s Life Science and Healthcare clients at all stages. Prior to her current role, she was Global Senior Credit Officer for Life Science and Healthcare. She has also served as Region Manager for the Southeast and Mid-Atlantic Division where she led teams dedicated to serving emerging, growth and established technology and life science companies. Scheffel is based in Washington D.C.