SVB Financial Group announced Kay Matthews became chair of the board of directors following the company's annual stockholder meeting on April 21, 2022. Matthews joined SVB's board in 2019, after retiring from her successful 36-year career at Ernst & Young where she held several leadership roles for the global organization. Matthews brings extensive experience working with technology, venture capital and private equity firms, with a focus on finance, accounting and auditing.

During her Ernst & Young career, she served clients ranging from early-stage venture-backed companies to Fortune 500 companies across industries including software, semiconductor, defense, transportation, consumer products and healthcare. In her advisory and leadership roles, she served as a strategic resource for client management, developed and led strategies to transform business models in a regulated industry, developed expertise on the impact of disruptive business models and led strategies around enterprise risk and innovation of services to leverage new and innovative technologies. In addition to her role with SVB, Matthews also serves on the boards of Coherent Inc. and Main Street Capital Corp.

She is a member of the Advisory Board of the Texas Tech Rawls School of Business and was named 2020 Distinguished Alumni of the Rawls School of Business. She earned a bachelor's degree in accounting from Texas Tech University. Matthews succeeds former board chair Roger Dunbar, who retired from his role this year after a decade in the position.