U.S. Bank has appointed Jay Martin as president, global fund services. Martin will join the senior leadership team of U.S. Bank’s Wealth Management and Investment Services (WMIS) division. He will be based in Milwaukee. The position has been vacant since Joe Neuberger left in late 2022. Christine Waldron, chief product officer for WMIS, has been…
Category: U.S. Bank
U.S. Bank launches European ETF services
U.S. Bank has launched its new ETF services in Europe, as well as signing its first client for this offering. U.S. Bank will support Horizon Kinetics’ European version of its Inflation Beneficiaries ETF, an actively managed fund that seeks to address one of the most important economic and investment drivers – inflation – by identifying…
Pace moves to U.S. Bank
Dan Pace has joined U.S. Bank as a relationship manager in its institutional trust & custody team, based in Boston. He previously spent more than 15 years at BBH.
U.S. Bancorp invests in Ownera
U.S. Bancorp has joined Ownera’s Series A investment round. Ownera is a fintech working on an interoperability network for tokenized assets. Ownera aims to digitise private markets, allowing banks, asset managers and exchanges to route assets more efficiently. Other participants in the funding round include J.P. Morgan. In 2021 U.S. Bank invested in Lumint and…
Securrency hires Chakar as CEO
Securrency, the U.S.-based developer of institutional-grade, blockchain-based financial and regulatory technology, has appointed Nadine Chakar as CEO. Her appointment will allow Dan Doney, Securrency’s founder, who has served as the company’s CEO and lead architect since its inception, to focus on innovation, technology delivery, and commercialisation by continuing to serve as chief technology officer. Most…
U.S. Bank promotes Breda Sullivan
U.S. Bank has given Breda Sullivan an expanded role as head of depositary, custody and banking for its European investment services business. Sullivan has been with U.S. Bank since 2017, and was previously head of depositary services in Europe. Her promotion follows the recent appointment of Didier Delvaux as head of global fund services for…
U.S. Bank adds to senior management team in Lux
U.S. Bank has appointed Bardad Sambou as managing director – operations and client service, in Luxembourg. This follows the recent promotion of Didier Delvaux, head of Luxembourg, to head U.S. Bank’s global fund services business in Europe. Sambou previously spent more than 16 years at State Street.
U.S. Bank promotes two GFS managers
Following Linda Gorman’s recent departure, U.S. Bank has confirmed Didier Delvaux as head of its global fund services business in Europe. Delvaux is currently head of the Luxembourg operation. Ken Somerville is confirmed as head of global fund services in Ireland.
Ultimus hires from U.S. Bank
Ultimus Fund Solutions, a U.S.-based provider of fund services, has hired Gail Zess as VP of relationship management, and Catherine (Catie) Pfeifer as AVP of control accounting. Both join from U.S. Bank.
Neuberger leaves U.S. Bank
Joe Neuberger, president of U.S. Bank’s global fund services business, has left to pursue an external opportunity. Neuberger spent 28 years at U.S. Bank. Whilst the bank searches for a replacement, Christine Waldron, chief product officer for the Wealth Management & Investment Services unit (WMIS), will act as interim head. This follows the news that…