Durham, NC and Menlo Park, CA - Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced the launch of Square 1 Asset Management, a registered investment advisor. A subsidiary of Square 1 Bank, the firm is a cash management solution designed exclusively for corporations and their institutional investors.
Focused on adding value through a client-centered process of understanding risk tolerance and investment objectives and providing individualized investment advice, Square 1 Asset Management offers clients customized solutions tailored to meet their unique corporate cash management needs.
Adam Dean, seasoned asset management veteran, will lead the Square 1 Asset Management team as senior vice president and managing director. Mr. Dean brings over 15 years of experience in institutional asset management, including strategic, business development, and relationship management leadership as co-founder and president of SVB Asset Management, a division of Silicon Valley Bank. Mr. Dean will be based in Menlo Park, CA.
"Through the launch of Square 1 Asset Management, we are expanding the depth and breadth of products and services our growing client base expects from a premier commercial bank," said Mr. Dean. "Our goal, as with everything we do, is to provide clients with a better solution and experience than they can get anywhere else. Square 1 Asset Management will provide clients with superior service, industry-leading technology, and a highly-experienced leadership team, all on a very scalable platform. Our aim is to exceed the expectations of every one of our clients," he added.
The Square 1 Asset Management leadership team includes:
- Stefan Fencl - Vice President, Director of Investment Strategy. Mr. Fencl brings over 15 years of institutional cash management and financial services experience. He is recognized as an expert in short term fixed income markets and is a noted panelist on economics and investment strategies. Previously, he was senior portfolio manager and director of investment strategy at Capital Advisors Group.
- Michael Nguyen - Vice President, Director of Credit Risk & Research. Mr. Nguyen has 15 years of extensive global experience in corporate credit, fixed income research, and structured finance. Previously, he worked closely with Mr. Dean as senior credit risk and research officer at SVB Asset Management.
"Square 1 Bank is committed to providing our clients with a world-class banking experience. We understand that the nature of the entrepreneurial, venture capital ecosystem is unique, innovative and ever-changing, and requires a banking partner that can be equally as flexible and responsive. Square 1 Asset Management is an extension of that commitment and understanding," said Doug Bowers, CEO and President at Square 1 Bank. "We are excited to bring Adam and team on board, and we are confident that Square 1 Asset Management will meet the demands of our diverse client base, providing the exemplary client service and tailored solutions synonymous with the Square 1 brand."
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients’ needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit www.square1bank.com.
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