Bank Portfolio Management and the Client Relationship

A discussion with Shelley Svoren about Portfolio Management, and overseeing the sizable portfolio of financed aircraft at First Republic Bank – a well-respected company within the Business Aircraft finance community. Areas covered include:

• Defining Portfolio Management as it relates to Private Aircraft assets financed by First Republic.
• Portfolio Management requirements to expect in the market today, especially as they relate to the impact of COVID-19?
• Small business owners, many of whom are owner/pilots, and what is unique to Portfolio Management when it comes to aircraft financed by these individuals.
• What are some of the changes to Portfolio Management as collateral size increases from a turboprop and to a jet?
• Considerations people should keep in mind with respect to what a Portfolio Manager may require when the deal is initiated, or as the completed transaction progresses through its life.
• What people should know about First Republic Bank’s services within the Business and General Aviation community.

Shelley also discusses the International Aviation Women’s Association (IAWA), including:

• The group’s global aviation & aerospace network representing women of achievement across the aviation industry.
• IAWA’s educational efforts and next generation development within the aviation industry.

About Shelley A. Svoren

Her 28 year career in financial analysis and credit quality includes roles as Assistant Bank Examiner for the FDIC, Assistant Vice President at Silicon Valley Bank, and Financial Analyst for Agilent Technologies and Southcorp Wines, where she created and managed a $500MM+USD budget for its North American operations and oversaw the financial operations for a joint venture.

She oversees the underwriting and portfolio management for FRB’s Aviation & Marine team, which has yet to incur a loss or foreclosure. She works with FRB’s clients located throughout the US who are involved in diverse businesses – real estate, private equity, venture capital, and entrepreneurs as FRB specializes in meeting their unique financing needs– and aircraft are used as business tools to expand their clients’ brands. She moderates panels and speaks at conferences regarding aviation and marine industries; writes articles; and mentors junior colleagues.

She serves on the boards of the Society of Daughters of Holland Dames and the International Aviation Womens Association, where she oversees the Scholarship, Mentorship, Internship, and Leadership Development committees; and is involved in over 20 organizations that are dedicated to historic preservation and meeting the needs of her community. She earned her BS from the University of Oregon with a focus on Finance, Economics, and Scandinavian Studies.

First Republic Bank

First Republic Bank’s Aviation loan portfolio is geographically diverse with its clients centered in the Bank’s key geographic markets. Furthermore, our clients are involved in diverse business activities for which FRB specializes in meeting the unique financing needs of these industries – such as real estate, private equity, hedge funds, venture capital, and the wine industry– and they use aircraft as a tool to conduct business. Since inception in 2006, the team has funded over 150 aircraft transactions with original commitments exceeding $950MM since the team commenced operations. Our foreclosures and losses have totaled $0.00 during this time.

Founded in 1985, First Republic Bank (NYSE: FRC) and its subsidiaries offer private banking, business banking, and private wealth management services. These services include a complete line of banking products for individuals and businesses are offered through our San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Jackson Wyoming, Boston, Palm Beach, Greenwich, and New York City area preferred banking offices. Publicly traded under the NYSE stock symbol “FRC,” First Republic is a constituent of the S&P 500 Index and KBW Nasdaq Bank Index. The Bank exceeds all of the current regulatory guidelines to be well-capitalized and is a member of the Federal Deposit Insurance Corp. (FDIC) and an Equal Housing Lender.

The Bank, with over $115 Billion in Assets, was rated in the top 50 Banks in 2019

To read the transcript for this podcast, click here.