U.S. Bank has expanded leadership roles for Stephen Philipson and Felicia La Forgia as part of an effort to strategically position the bank’s Wealth, Corporate, Commercial and Institutional Banking (WCIB) team. They will continue to report to Gunjan Kedia, who was recently named president of U.S. Bancorp, overseeing the company’s revenue lines of business, including Consumer and Business Banking (CBB), Payment Services and WCIB.
Philipson’s role has been expanded to lead all WCIB product businesses that provide solutions for the company’s wealth and institutional client segments. A member of the bank’s managing committee, Philipson previously led Global Markets and Specialized Finance in WCIB. La Forgia has been promoted to lead a newly formed unit called the Institutional Client Group (ICG), which brings together teams that manage client relationships across regions and sectors, to drive a more holistic and consistent client experience. La Forgia previously led Corporate Banking.