Financial Services >> CEO Interviews >> October 29, 2004

MATTHEW FOSH – SVB GROUP (SVB)

MATTHEW FOSH joined the SVB Group as its Chief Executive in November 2002. Between 1989 and March 2000 he was Chief Executive of Seagray Fosh Futures Limited equity and interest rate derivatives on Exchanges. He co-founded the business in 1989 and over the next five years it grew to become the largest broker on LIFFE by volume of both equity and interest rate options. In 1994 SFFL successfully negotiated a joint venture partnership with Chase Manhattan to develop the Bank's Futures and Options sales and execution business in Europe. In 1997 SFFL bought out Chase's interest in the partnership and over the next 3 years Matthew Fosh managed the migration of the whole business from 'open-outcry' trading to a fully electronic platform. In 2000, the enlarged SFFL was bought by Garban Intercapital, part of ICAP plc and Matthew Fosh completed a two year contract to oversee the transition. Before founding SFFL, Fosh was a portfolio manager with Strauss Turnbull, Gartmore and Sheppards. Profile
TWST: What has gone on over the past year or so that investors should

focus on?

Mr. Fosh: In the past year, SVB has continued the battle with the same

challenge it has had for 4 years. In