U.S. Bank launched a new division dedicated to serving private capital firms and global asset managers, bringing together all parts of the bank that currently serve more than 200 private capital clients with a range of products and services. The bank named Stephen Jeselson head of the division.
U.S. Bank named Kai Sakstrup chief product officer for its wealth, corporate, commercial and institutional banking (WCIB) division. Beginning Oct. 1, Sakstrup will lead a cross-functional team in developing and creating new products across the WCIB organization to better serve wealth and institutional clients, commercial businesses and corporations.
U.S. Bank appointed new members to its executive leadership team to succeed Kate Quinn, vice chair and chief administrative officer, and Jim Kelligrew, vice chair of corporate and commercial banking, who will retire on June 30.
U.S. Bank hired Jay Martin as president of global fund services. In his role, Martin will lead a global team that combines technology with customer service to offer customized product solutions for alternative investments, mutual funds and exchange-traded products.