SVB Financial Group Enters into Definitive Purchase Agreement to Sell SVB Securities to Management Team Group Led by Jeff Leerink and Backed by The Baupost Group

SANTA CLARA, Calif., June 18, 2023 /PRNewswire/ — SVB Financial Group (Pink Sheets: SIVBQ) today announced that it has entered into a definitive purchase agreement with the management team bidder group led by Jeff Leerink, SVB Securities’ Chief Executive Officer and Founder, and backed…