: SVB Financial to get restructuring chief from Washington Mutual failure


Silicon Valley Bank parent company SVB Financial Group SIVB, -60.41% said late Monday the board’s restructuring committee named William Kosturos as chief restructuring officer. Kosturos was provided by Alvarez & Marsal, the advisory firm that is serving as SVB’s “restructuring counsel” as it explores “strategic alternatives” for the company and its businesses, SVB said in a filing with the Securities and Exchange Commission. Kosturos previously served as CRO for Washington Mutual, the largest U.S. bank failure back in 2008.

This article was originally published by Marketwatch.com. Read the original article here.

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