Alan Flanagan has joined U.S. Bank as head of global investment services, the division comprised of global fund services and global corporate trust. Flanagan will be a member of the senior leadership team for U.S. Bank’s wealth, corporate, commercial and institutional banking business line and will be based in New York. Flanagan spent nearly two…
Category: U.S. Bank
U.S. Bank supports F/m in innovative launch
F/m Investments, a USD18bn fixed income investment firm, has made its flagship TBIL U.S. Treasury 3-Month Bill strategy available in both ETF and mutual fund share classes within a single fund. The launch marks the first time an ETF issuer has brought a dual share class structure into live operation under an SEC exemptive order.…
U.S. Bank hires from BNY
Sophia Long has joined U.S. Bank as senior product manager in Europe for its global fund services business, based in Dublin. She was previously at BNY.
Gen II hires private credit team
Gen II Fund Services, an independent private capital fund administrator with >USD1trn AuA, has hired Leslie DeRoss and her specialist team to lead and expand the firm’s private credit offering. DeRoss joins Gen II from U.S. Bank.
U.S. Bank forms new business enablement team
U.S. Bank has formed a new business enablement team within its wealth, corporate, commercial, and institutional banking operations. It is responsible for ensuring alignment, communication and execution of strategic initiatives between operations and internal business lines, while also serving as strategic liaison between WCIBO and external industry stakeholders such as banks, fintech partners and industry…
U.S. Bank & Ultimus support new BDC
Monroe Capital LLC, a U.S.-based private credit asset manager with c. USD22bn AuM, has launched the Monroe Capital Enhanced Corporate Lending Fund, a perpetual-life, continuously offered, non-traded BDC designed to provide retail investors access to Monroe’s direct lending strategy. U.S. Bank Trust Company has been appointed as custodian for the securities, with Ultimus Fund Solutions…
U.S. Bank appoints MUFG and Citi
U.S. Bank has appointed MUFG and Citi as sub-custodians for five additional markets in its Asia-Pacific custody network. The markets included in this move are Japan, Indonesia, Malaysia, Thailand and Vietnam. U.S. Bank is using MUFG as sub-custodian for Japan; Citi will be sub-custodian for Indonesia, Malaysia, Thailand and Vietnam. With the transition of these…
U.S. Bank promotes Ostrowski
U.S. Bank has appointed Scott Ostrowski as senior product manager for accounting, administration & TA within the Global Fund Services team, based in Milwaukee. He has been at the bank for more than 19 years.
U.S. Bank wins stablecoin custody mandate
U.S. Bank has been selected to serve as the custodian for reserves backing Anchorage Digital Bank’s payment stablecoins. Anchorage Digital Bank is the only crypto-native bank in the U.S. to hold a federal charter, operating under the direct oversight of the Office of the Comptroller of the Currency. Anchorage Digital Bank launched its stablecoin issuance…
U.S. Bank hires from JPM for ETFs
Keith Orlen has joined U.S. Bank’s global fund services product team as a senior product manager for ETFs, based in Boston. He was previously at J.P. Morgan and also spent 20 years at BBH.