-

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 Avvance Added to Pure Finance Group’s Home Improvement Lending Platform

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank Avvance, a real-time, point-of-sale lending solution, has been selected by Pure Finance Group to support the home improvement lender’s next growth effort. The integration of Avvance enabled Pure Finance’s efforts to expand into the HVAC segment and is the latest fintech platform to leverage Avvance to provide real-time point-of-sale lending for its own clients. “U.S. Bank Avvance supports business growth of our partners by providing financing options at t...

U.S. Bank: Truck Freight Picks up in Northeast, Drops Sharply in Southwest

MINNEAPOLIS--(BUSINESS WIRE)--During the first three months of the year, U.S. truck freight volume was down 5.8% while spending was off 2.5% compared to the fourth quarter, according to the latest U.S. Bank Freight Payment Index. Performance varied widely among regions, with Southwest volume down 21.2% quarterly while Northeast shipments increased 3.6%. “While there is tremendous focus on the nationwide freight statistics, detailed regional data is very useful – particularly during times of unc...

U.S. Bank Introduces All-in-One Business Checking Plus Payments Acceptance to Help Business Owners Save Time and Money

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank has launched a premier all-in-one checking account combined with payments acceptance capabilities for small businesses. Called U.S. Bank Business Essentials®, the account enables businesses to accept card payments with free same-day access to their fundsi and a free mobile card readerii, in addition to checking with unlimited digital transactionsiii and no monthly maintenance fee. Business Essentials features include: Premier checking account with no mont...
Back to Newsroom