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Michael Descheneaux net worth and biography

Michael Descheneaux Biography and Net Worth

Insider of SVB Financial Group

Michael Descheneaux is the president of Silicon Valley Bank, and oversees the global commercial bank, private bank, credit administration and business analytics, as well as SVB Financial Group’s venture capital investment arm, SVB Capital. He is also a member of the executive committee of the company, and serves on the board of directors for the company’s joint venture bank in China.

Michael joined SVB Financial Group in 2006 and was appointed chief financial officer in 2007. As CFO, Descheneaux was responsible for all finance, treasury and accounting functions for the company.

Prior to joining SVB, Michael was a managing director with Navigant Consulting and head of Arthur Andersen’s Financial Services Practice for the Central and Eastern Europe Region, advising large, public and multi-national clients. He was lead audit partner with Andersen’s Telecommunications and High Tech Practice in that region, and technical expert partner on U.S. GAAP and GAAS matters. During his time at Andersen, which also included assignments in the firm’s U.S. offices, Michael advised clients on a wide range of accounting and finance related issues, including audits of financial statements, SEC filings, restatements, purchase and due diligence investigations, arbitration and litigation support, internal controls, and off-shore investment structures. Michael has provided extensive acquisition advisory services to large banking clients and has served as an expert and consultant in international arbitration disputes related to banking and investing.

Michael holds a bachelor’s degree in business administration and graduated cum laude from Texas A&M University. He is also a certified public accountant licensed by the Texas State Board of Public Accountancy.

What is Michael Descheneaux's net worth?: The estimated net worth of Michael Descheneaux is at least $5,170.00 as of June 14th, 2021. Mr. Descheneaux owns 20,680 shares of SVB Financial Group stock worth more than $5,170 as of April 24th. This net worth evaluation does not reflect any other investments that Mr. Descheneaux may own. Learn More about Michael Descheneaux's net worth.
How do I contact Michael Descheneaux?: The corporate mailing address for Mr. Descheneaux and other SVB Financial Group executives is 3003 TASMAN DRIVE, SANTA CLARA CA, 95054. SVB Financial Group can also be reached via phone at (408) 654-7400 and via email at [email protected]. Learn More on Michael Descheneaux's contact information.
Has Michael Descheneaux been buying or selling shares of SVB Financial Group?: Michael Descheneaux has not been actively trading shares of SVB Financial Group during the past quarter. Most recently, Michael Descheneaux sold 1,975 shares of the business's stock in a transaction on Monday, February 7th. The shares were sold at an average price of $611.55, for a transaction totalling $1,207,811.25. Learn More on Michael Descheneaux's trading history.
Who are SVB Financial Group's active insiders?: SVB Financial Group's insider roster includes Daniel Beck (CFO), Gregory Becker (CEO), Marc Cadieux (Insider), John China (Insider), Philip Cox (Insider), Michael Descheneaux (Insider), Michelle Draper (CMO), Roger Dunbar (Director), Christopher Edmonds-Waters (Insider), Karen Hon (CAO), Laura Izurieta (Insider), Kate Mitchell (Director), John Robinson (Director), Garen Staglin (Director), and Michael Zuckert (General Counsel). Learn More on SVB Financial Group's active insiders.

Michael Descheneaux Insider Trading History at SVB Financial Group

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
2/7/2022	Sell	1,975	$611.55	$1,207,811.25
12/27/2021	Sell	1,000	$674.79	$674,790.00
11/9/2021	Sell	2,200	$736.09	$1,619,398.00
8/9/2021	Sell	2,000	$584.41	$1,168,820.00
6/14/2021	Sell	4,012	$557.13	$2,235,205.56	20,680
1/27/2021	Sell	3,158	$471.59	$1,489,281.22	24,591
11/9/2020	Sell	2,650	$332.71	$881,681.50	18,473
10/20/2020	Sell	1,495	$280.00	$418,600.00	22,618
8/10/2020	Sell	2,090	$238.83	$499,154.70	23,213
5/11/2020	Sell	1,050	$183.01	$192,160.50	23,115
1/24/2020	Sell	711	$270.00	$191,970.00	25,646
12/12/2019	Sell	1,000	$250.00	$250,000.00	20,438
11/4/2019	Sell	2,500	$236.12	$590,300.00	21,938
8/7/2019	Sell	3,000	$201.19	$603,570.00	21,438
5/13/2019	Sell	6,000	$239.55	$1,437,300.00	23,811
11/1/2018	Sell	1,750	$239.73	$419,527.50	18,289
5/8/2018	Sell	2,750	$309.05	$849,887.50
8/2/2017	Sell	3,500	$182.07	$637,245.00	14,064
5/15/2017	Sell	7,000	$184.38	$1,290,660.00	18,419
1/31/2017	Sell	13,183	$170.54	$2,248,228.82	18,181
7/26/2016	Sell	8,378	$103.21	$864,693.38	15,079
7/7/2015	Sell	3,767	$142.30	$536,044.10
4/29/2015	Sell	7,000	$133.57	$934,990.00
11/13/2014	Sell	1,000	$111.26	$111,260.00
10/29/2013	Sell	11,511	$96.50	$1,110,811.50
7/30/2013	Sell	15,850	$87.76	$1,390,996.00
5/10/2013	Sell	3,919	$72.58	$284,441.02
10/31/2012	Sell	1,200	$55.86	$67,032.00

Michael Descheneaux Buying and Selling Activity at SVB Financial Group

SVB Financial Group Company Overview

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Silicon Valley Bank, SVB Private, SVB Capital, and SVB Securities. The Silicon Valley Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services. This segment also offers traditional term, growth capital term, and equipment loans, asset-based loans, revolving lines of credit, warehouse facilities, recurring revenue and acquisition finance facilities, mezzanine lending, corporate working capital facilities, and credit card programs; treasury management products and services; business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts; receivables services, which include merchant services, remote capture, lockbox, and fraud control services; wire transfer and automated clearing house payment services; business bill pay, credit and debit cards, account analysis, and disbursement services. In addition, it offers foreign exchange and trade finance products and services; letters of credit; and investment services and solutions. The SVB Private segment offers mortgages, home equity lines of credit, restricted and private stock loans, capital call lines of credit, and other secured and unsecured lending products; planning-based financial strategies, wealth management, family office, financial planning, tax planning, and trust services; and real estate secured loans. The SVB Capital segment provides venture capital investment services. The SVB Securities segment provides investment banking services; products and services, including capital raising, merger and acquisition advisory, equity research, and sales and trading. The company was founded in 1983 and is headquartered in Santa Clara, California. On March 17, 2023, SVB Financial Group, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

Today's Range

Now: $0.25

$0.20

$0.25

50 Day Range

MA: $0.24

$0.20

$0.35

2 Week Range

Now: $0.25

$0.00

$1.95

Volume

1,291 shs

Average Volume

69,897 shs

Market Capitalization

$14.80 million

P/E Ratio

0.01

Dividend Yield

N/A

Beta

1.57