Daily News: September 3, 2014

Square 1 Bank Expands in Bay Area With New Hires

Square 1 Bank announced it added several key hires to its Bay Area team. The hires follow the May opening of Square 1’s office in San Francisco’s SoMa district and the bank’s acquisition of Sand Hill Finance in late 2013.

Laurie Lumenti Garty joins as senior vice president, Startup Services, to lead the bank’s efforts in developing new relationships with early stage companies in the Bay Area. Garty held leadership positions at Comerica, Silicon Valley Bank and Wells Fargo.

Brad Smith joins the bank as senior vice president, Venture Capital Services. Based in Menlo Park, Smith will manage and develop relationships with venture capital firms throughout the region. Smith joins Square 1 from Wells Fargo’s Venture Capital Services Group and predecessor bank Greater Bay Bancorp.

The bank also hired Susan Tang as vice president, Global Treasury Management, and Rohit Goel as vice president and director of portfolio management for Square 1 Asset Management, Square 1 Bank’s registered investment advisor.

Goel held portfolio and treasury manager roles at Black River Asset Management and VMware. Prior to Square 1, Tang was vice president, Treasury and Trade Solutions at Citi.

“We are very pleased that through our consistent commitment to serving the needs of Bay Area entrepreneurs and their investors, we continue to attract some of the very best bankers in the industry,” said Sam Bhaumik, executive vice president and leader of the bank’s Northern California region. “Our clients value our superior client service, creative debt solutions and access to senior bankers across our company. It is what sets us apart from our competitors.”