-

U.S. Bank Announces Leader for Investment Services Division

Jay Martin will lead team comprising Global Fund Services and Global Corporate Trust

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank today announced that it has united its Global Fund Services and Global Corporate Trust teams into a single Investment Services division led by Jay Martin.

As president of Investment Services, Martin leads a global team that offers customized services to middle market, large corporate, government and institutional clients, including fund administration, custody, investor servicing, trustee services and corporate escrow. Martin has led Global Fund Services since joining the bank in 2023.

Stephen Philipson, vice chair of Wealth, Corporate, Commercial and Institutional Banking, said, "We have the No. 1 market share in the Corporate Trust markets we serve1, and our Fund Services business is thriving, with a steady drumbeat of new and enhanced capabilities to meet the evolving needs of clients. Bringing these two businesses together under a single leader will allow our clients to benefit from our combined scale, investments and more interconnected approach to serving them.”

Martin has three decades of financial services experience. Prior to joining U.S. Bank, he spent time at Citco, where he was head of Operations within the Fund Services division, as well as Citi, SWIFT and Bank of New York Mellon. He holds a B.A. in economics from Bowdoin College.

1U.S. And Europe market share sourced as of December 31, 2024 from Greenstreet Asset-Backed Alert for the ABS/MBS and CLO rankings, and as of March 31, 2025 from LSEG Data & Analytics for the Corporate and Municipal rankings.

About U.S. Bank

U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.

Contacts

Kimberly Mikrot, U.S. Bank Public Affairs and Communications
kimberly.mikrot@usbank.com | 612.206.2553

Industry:

U.S. Bancorp

NYSE:USB
Release Versions
English

Contacts

Kimberly Mikrot, U.S. Bank Public Affairs and Communications
kimberly.mikrot@usbank.com | 612.206.2553

Social Media Profiles
LinkedIn
More News From U.S. Bancorp

U.S. Bank Launches New Brand Campaign Featuring Chief Financial Playmaker Fernando Mendoza

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank today launched a new brand campaign featuring NFL quarterback Fernando Mendoza, the bank’s Chief Financial Playmaker. The campaign brings Mendoza’s passion for football and finance together to help make money conversations more approachable for younger audiences, NFL fans and U.S. Bank clients. The new work is part of the bank’s broader brand platform, “The Power of Us,” and builds on the company’s role as an Official Bank and Wealth Management Sponsor of...

U.S. Bank Expands Business Banking Team Into Florida and Georgia, Accelerates Growth in Texas and Arizona

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank is continuing to expand its business banking presence nationally, adding new bankers in Florida, Georgia, Texas and Arizona who serve businesses with annual sales between $2.5 million and $50 million. The growth in Florida and Georgia marks the first time the bank has placed business bankers in those two states, the latest step in U.S. Bank’s strategy to support clients outside its traditional 26-state branch footprint. The bank also is expanding in Texas...

U.S. Bank Wealth Management Names Chris Peary Chief Private Banking Officer

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank announced today that Chris Peary has been named chief private banking officer for Wealth Management. Peary will be responsible for advancing Wealth Management's strategy to deliver integrated banking, credit and wealth solutions for affluent, high net worth and ultra high net worth clients. He will oversee a relationship-driven private banking platform focused on delivering a consistent, high-quality client experience across all markets. “Chris is a highl...
Back to Newsroom