After big rainmaker hires, SVB Leerink is looking to round out its healthcare and technology ranks with more junior bankers
- SVB Leerink last week made its latest hires, poaching a tech group from UBS.
- The healthcare banking boutique has been winning the talent wars for healthcare investment bankers.
- The firm is now posting jobs for junior bankers to round out its healthcare and tech teams.
- See more stories on Insider’s business page.
SVB Leerink has spent months poaching top healthcare bankers and making a splash with big-name tech banker hires. Now, it’s looking to bring more junior bankers into the fray.
The healthcare- and life-sciences-focused boutique has posted multiple open roles during the last month on LinkedIn for healthcare and technology investment banking associates, analysts, and VPs to join the firm. One posting for an associate job described it as “an opportunity to join SVB Leerink as we continue our expansion efforts into Technology IB.”
SVB Leerink, which was formed in 2018 when SVB acquired Leerink, has been on a hiring spree this year. Most recently, the firm poached a team of senior UBS tech bankers — including group head Jason Auerbach — focused on technology, media, and telecommunications (TMT) to expand the breadth of its investment-banking capabilities, Insider previously reported.
Elsewhere on Wall Street, banks like UBS, HSBC, Citi, and Goldman have also posted open roles for junior and mid-level healthcare investment bankers. Across the board, young banking talent is in high demand, and firms are fighting to keep their existing juniors happy with base pay increases, special bonuses, all-expense-paid vacations, Pelotons, and other perks.
The various SVB positions can be based in New York, Boston, San Francisco, or Charlotte, according to the postings. Some roles call for experience in biopharma, structured finance, and equity capital markets.
The roles, many of which are asking for previous healthcare banking experience, tout “direct client CEO and CFO contact,” according to the postings. Some of the junior bankers will focus on emerging growth healthcare companies or companies in the biopharma industry.
The latest hires come after a string of big names SVB Leerink has attracted in recent months, mostly in its bread-and-butter healthcare space.
Anurag Jindal, former managing director of healthcare banking at Bank of America, is now a senior managing director on the biopharma team; M. Toby King, previously the head of healthcare in North America at Citigroup, is now a senior managing director of healthcare services; Jack Bannister, former VP of healthcare equity capital markets at Goldman Sachs, is now a managing director on the equity capital markets team; Thad Davis, former head of US healthcare investment banking at HSBC, is now a senior managing director for leveraged finance.
The firm also poached Barry Blake from Guggenheim Securities in February to be co-head of healthcare investment banking alongside James Boylan, who retired as co-head of investment banking in April. Many of the advertised roles for junior bankers will report to Blake, according to the job postings.
SVB Leerink declined to comment on the job postings or its broader hiring strategy.
Other firms across Wall Street have seen plenty of moves of top healthcare dealmakers over the last few months.
Multiple bulge-bracket banks have announced big-name healthcare hires recently, like JPMorgan, which poached Ben Carpenter from Citi in April to co-head healthcare M&A, and Deutsche Bank, which lured away Prianka Verma this month from HSBC to be a managing director and lead the Americas pharma services and diagnostics division.
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