Dan Drancik, Ctp, MBA
About Dan Drancik, Ctp, MBA
Dan Drancik is the Executive Director of Treasury Services at CIBC Innovation Banking, with extensive experience in treasury management and product development.
Executive Director at CIBC Innovation Banking
Dan Drancik serves as the Executive Director of Treasury Services at CIBC Innovation Banking, based in Chicago, Illinois. In this role, he focuses on delivering treasury management solutions tailored for sponsor-backed SAAS companies. He leverages his extensive experience in payment solutions and strategic partnerships to drive innovation and revenue in the banking sector. As of 2024, he continues to contribute to the financial success and operational excellence of CIBC's treasury services.
Previous Senior Vice President Roles
Prior to his current position at CIBC, Dan Drancik held several Senior Vice President roles in various esteemed financial institutions. He served as SVP, Product Management at First Citizens Bank from 2022 to 2023, and as SVP, Head of Treasury Management Sales & Client Care at Fifth Third Bank in 2021. These roles allowed him to refine his expertise in product management and client care, contributing to the robust treasury services and solutions offered by these institutions.
Tenure at Silicon Valley Bank
Dan Drancik has an extensive history with Silicon Valley Bank, where he held pivotal roles from 2010 to 2020. He served as Head of US Treasury & Payments Sales from 2012 to 2020 and as Senior Global Treasury Advisor from 2010 to 2012. During his tenure, he played a crucial role in advancing the bank's treasury and payment solutions, significantly impacting the bank's offering to its clients and ensuring the smooth operation of these services.
Educational Background and Certifications
Dan Drancik holds an MBA from DePaul Driehaus College of Business with a focus on International Business. He also studied French Business Studies at the University of Illinois Chicago, earning a Bachelor of Arts, and obtained a Certificate in French and Business from Université Paris-Sorbonne. Additionally, he has completed a FinTech Online Course from Harvard University, enhancing his knowledge and expertise in financial technologies. Furthermore, Dan holds the Certified Treasury Professional (CTP) credential, signifying his proficiency in treasury management.
Career Beginnings and Progression
Dan Drancik began his career at First Chicago Corporation (First National Bank of Chicago) as Vice President from 1989 to 1999. He then progressed to roles such as SVP, Division Manager at ABN AMRO from 2000 to 2006, and SVP, Head of Product Management & Strategy from 2006 to 2007. After his tenure at ABN AMRO, he served as SVP, Head of Treasury Management at Banco Popular from 2007 to 2010. These roles laid the foundation for his expertise in treasury management and product strategy, which he continues to leverage in his current role.