SVB FINANCIAL GROUP : Change in Directors or Principal Officers (form 8-K)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment

                   of Certain Officers; Compensatory Arrangements of Certain Officers

On October 22, 2020, SVB Financial Group (the "Company") announced that its Board of Directors had appointed Richard Daniels as a director of the Company and its wholly owned subsidiary, Silicon Valley Bank.

Mr. Daniels has entered into the Company's standard form of Indemnification Agreement for directors, and in connection with his service as a director, he will be entitled to compensation in accordance with the Company's compensation practices, subject to proration to reflect the commencement date of his service. The Company's director compensation practices are described under the caption "Compensation for Directors" in the Company's definitive proxy statement filed on March 9, 2020. There are no arrangements or understandings between Mr. Daniels and any other persons pursuant to which Mr. Daniels was appointed as a director. There are no transactions in which Mr. Daniels has an interest requiring disclosure under Item 404(a) of Regulation S-K.

A copy of the press release announcing the appointment of Mr. Daniels is filed as Exhibit 99.1 to this report and is incorporated by reference herein. Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.
   Exhibit No.     Description
       99.1          Press Release, dated October 22, 2020, announcing the election of Richard
                   Daniels to the Board of Directors
       104         Cover Page Interactive Data File (embedded within the Inline XBRL document).

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