Leerink Partners CIO Jeff Gerson on how the firm realigned its technology strategies and services after it demerged from SVB Financial Group in 2023
LEERINK PARTNERS
Leerink Partners CIO Jeff Gerson on how the firm realigned its technology strategies and services after it demerged from SVB Financial Group in 2023
On 10th March 2023 , the commercial banking division of Silicon Valley Bank ( SVB ) collapsed in a dramatic bank run , ranking as the third-largest to date in US history .
SVB ’ s collapse , the most significant since the 2008 financial crisis , sent shockwaves worldwide and nearly destabilised the innovation economy . With its client base deeply rooted in startups and tech companies , many were left scrambling to secure their finances amidst the uncertainty . At the time of its downfall , SVB stood as the 16th largest bank in the US , with approximately US $ 200bn in assets .
Among the institutions caught in the storm was Leerink Partners , a key player in the healthcare investment banking space . Once under SVB ’ s ownership from 2019 until the bank ’ s collapse in 2023 , Leerink has now re-emerged as a fully independent investment bank . With renewed focus , it continues to provide specialised financial services to investors and healthcare companies , positioning itself as a trusted leader in a rapidly evolving sector .
The successful demerger from SVB was driven by a combination of strong leadership , the dedication of Leerink ’ s employees and the company ’ s ability to pivot quickly . A critical aspect of this agility was the strategic decision to keep
78 November 2024