U.S. Bank has launched a new division dedicated to serving private capital firms and global asset managers. The private capital and global asset management division (PCGAM) brings together all parts of the bank that currently serve more than 200 private capital clients with a range of products and services, including fund custody and administration as…
Category: U.S. Bank
U.S. Bank wins multi-domicile mandate
U.S. Bank has been appointed by Monroe Capital LLC to provide custody, fund administration and depositary services for its new fund structure, Monroe Capital Private Credit Fund V, including Luxembourg, U.S. and Irish entities. Monroe Capital has a 20-year track record in direct lending/private credit.
U.S. Bank partners with Enfusion
U.S. Bank has established a partnership with Enfusion, provider of a cloud-native, SaaS platform for investment managers and asset owners, to provide mutual clients with connectivity to Enfusion’s front-to-back system and middle- and back-office managed services. The platform encompasses portfolio management, order and execution management, accounting and analytics modules, and managed services. The relationship expands…
U.S. Bank promotes Curley
U.S. Bank has named Dylan Curley head of sales and relationship management for its global fund services division. Curley has been with U.S. Bank since 2018 and was previously head of sales.
DTCC to acquire Securrency
DTCC, the U.S. market infrastructure provider, has signed a definitive agreement to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure. The acquisition is expected to close shortly. Both U.S. Bank and State Street are investors in Securrency. Securrency will become a wholly-owned subsidiary of DTCC and will operate under the name DTCC Digital…
Sakstrup replaces Waldron at U.S. Bank
U.S. Bank has appointed Kai Sakstrup as chief product officer for its Wealth, Corporate, Commercial and Institutional Banking (WCIB) division. Sakstrup previously served as chief strategy officer for U.S. Bank for more than six years. He joined U.S. Bank in 2015 as senior vice president of corporate strategy. He replaces Christine Waldron, who recently joined…
Waldron joins BNY Mellon
BNY Mellon has hired one of the superstars of the global investor services business. Christine Waldron is joining as head of fund services, having worked for nearly 25 years at U.S. Bank, most recently as chief product officer for the wealth and investment services business lines. She replaces Alan Flanagan, who has been appointed head…
Dale Smith to retire from U.S. Bank
After a distinguished 45-year career with U.S. Bank, Dale Smith is to retire. He is currently head of the Wealth Management & Investment Services Transformation Office, and has overseen the migration of its custody business to the SEI Wealth platform. During his storied career he led expansion of the trust & custody business from USD400bn…
U.S. Bank adds to Kedia’s role
Jim Kelligrew, vice chair of corporate and commercial banking at U.S. Bank, will be retiring from the company on June 30. Gunjan Kedia will assume an expanded leadership role, overseeing a combined wealth management and investment services and corporate and commercial banking organisation. Kedia is a company vice chair and has been with U.S. Bank,…
U.S. Bank invests in Versana
U.S. Bank Investment Services has joined the latest fundraising round by Versana, a fintech focused on the syndicated loan market. As a leading trustee, particularly for CLOs, which make up 70pct of the institutional loan market, U.S. Bancorp is Versana’s first buyside-focused investor, which Versana hopes will assist in creating a network effect with the…