SOURCE: The Brenner Group

The Brenner Group

February 04, 2010 11:00 ET

The Brenner Group Expands Interim Financial Management Team

Deryl Banks Joins Firm as Life Science Practice Leader

CUPERTINO, CA--(Marketwire - February 4, 2010) - The Brenner Group®, Silicon Valley's leading provider of interim financial management, restructuring services, business valuations, and financial advisory services, announced today that Deryl Banks has been appointed Life Science Practice Leader for the firm's Interim Finance & Accounting Group. Services offered for life science companies include interim and part-time CFOs and controllers, restructuring assistance, 409A valuations and financial advisory.

"Deryl is the perfect leader for our Life Science practice, with deep experience in venture-backed life science companies and the knowledge and acumen to represent our firm to the venture capital community," said Wes Rose, SVP, The Brenner Group. "Silicon Valley remains a leader in life science investing, and we're very fortunate to have Deryl as the point person who will expand on The Brenner Group's long-time support of this sector."

Prior to joining The Brenner Group, Banks spent 18 years in various senior technology finance roles including CFO at Xoft and Cardeon Corporation. Additionally, Banks held various financial positions at Unisurge and Cardiovascular Imaging Systems and spent more than six years in a variety of financial and operations positions at Hewlett Packard.

Banks received a bachelor's degree in biology from the University of Oregon and an MBA from the University of Santa Clara.

"Deryl would make an ideal CFO for any early-stage life science company," said Jeff Bird, managing director of Sutter Hill Ventures and chairman of Xoft, Inc. "He has repeatedly demonstrated keen understanding of the evolving demands of the venture community, and what early-stage companies need to do and how they need to position themselves to successfully approach venture firms.

For more information about The Brenner Group's Interim Financial Management, please visit http://www.thebrennergroup.com/interim-management

About The Brenner Group, Inc.

The Brenner Group (http://www.thebrennergroup.com) is one of the technology community's leading diversified professional services firms. Our core offerings include interim financial management, restructuring services, business valuations, and financial advisory services. Since 1987, more than 1,000 companies have trusted The Brenner Group with their finance and accounting needs. With more than 20 years of experience in Silicon Valley and the San Francisco Bay Area, The Brenner Group is every technology company's best option for total financial and accounting guidance.

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