The bankers orphaned when SVB Financial Group in July decided to shut its investment banking arm are starting to find new homes.

A group of former bankers from SVB Alliant, the tech boutique acquired by SVB Financial for $100 million in 2001, have been hired by Mooreland Partners LLC. The Greenwich, Conn.-based technology advisory has snagged three SVB Alliant bankers in a move to build an outpost on the West Coast, where it previously had no presence. A source familiar with the hirings said that more will join Mooreland after they close some of the engagements they had struck while at SVB Alliant.

All in all, a "big percentage" of bankers from SVB's tech investment banking arm will join Mooreland, the source said, but several are expected to join other banks.

Mooreland, which has roughly 20 employees, was founded in 2003 by former Broadview banker Holt Thrasher. With offices in Greenwich and now San Francisco, the advisory firm also has locations in New York and London. Recently the firm advised Drutt Corp., a mobile software startup, in its acquisition by Ericsson Corp. for undisclosed terms. —Olaf de Senerpont Domis

See July 19 story from TheDeal.com
See 2001 story from TheDeal.com

Tags: Mooreland Partners, SVB Alliant,