The Relaunch of Leerink Partners as the Premier Healthcare Investment Bank: SVB Securities Excluded from Bankruptcy Placement

2023-06-18 22:50:06

“The management team and I are thrilled to return to our heritage of owning and leading the premier healthcare investment bank and to relaunch the business under the trusted Leerink Partners brand,” said said its director Jeff Leerink, quoted in the press release.

To go further: SVB: how the start-up bank went bankrupt

This redemption is subject to final US Bankruptcy Court confirmation and regulatory approval as well as other customary closing conditions.

SVB Securities not included in bankruptcy placement

The failure of the US bank Silicon Valley Bank in March had shaken banks in global markets. The agency responsible for insuring bank deposits, the FDIC, took control of SVB on March 10 in the face of massive withdrawals from its customers.

SVB Securities was not included in this bankruptcy placement. It “is a separate legal entity”, of which SVB Financial Group holds the equity.

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