Exhibit 24.1
POWER OF ATTORNEY
With respect to holdings of and transactions in securities issued by SVB Financial Group (the "Company"), the undersigned hereby constitutes and appoints each of Rafael Petrone, Martina Davis, and Nicholas Grossi with full power of substitution and resubstitution, to act as the undersigned's true and lawful attorney-in-fact to:
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 26th day of July, 2023.
Signature: /s/ Steven G. Panagos
Print Name: Steven G. Panagos