SVB Financial Group announced the retirement of Michael Dreyer, Chief Operations Officer, which will become effective as of April 1, 2019. After such effective date, Mr. Dreyer will become a consultant, under a separate agreement to be agreed upon, to advise the Company on certain operations and technology initiatives. Phil Cox, the current Head of EMEA and President of the UK Branch, will assume the position of the Company's Chief Operations Officer upon Mr. Dreyer's retirement as of April 1, 2019. Mr. Cox is currently located in the United Kingdom, but is planning to relocate to the United States for his new position. The company appointed Phil Cox as its new Chief Operations Officer (COO) and Erin Platts as its new Head of EMEA and President of the UK Branch, pending UK regulatory approval. Their new roles will be effective April 1, 2019. Cox, SVB's current Head of EMEA and President of the UK Branch, will succeed current COO Mike Dreyer, who will retire in April. Platts is currently Head of Relationship Banking, Europe for SVB. In his new role as COO, Cox will oversee SVB's core operations, enterprise project management, client service and information technology teams.