U.S. Bank Global Corporate Trust Services was appointed trustee on
municipal, and structured issuance more often than any other firm in
2015.
“We strive to be a partner for our clients, understanding their goals
and fulfilling their needs from a trustee perspective,” said Bryan
Calder, president of U.S. Bank Global Corporate Trust Services. “Our
company’s best-in-class debt ratings and financial strength have allowed
us to continually invest in our corporate trust business, making sure we
have the right people and technology – like Pivot – on board to
make our clients’ jobs easier.”
The bank finished the year first with 32 percent market share on
municipal debt issuance, 49 percent on collateralized loan obligations
and 26 percent market share of asset- and mortgage-backed deals – the
latter two of which make up the structured segment. It also finished
second on corporate debt issuance, with 28 percent market share.
The bank’s successful growth was helped, in part, by the company’s
investment in Pivot, its proprietary online platform and the adoption of
that product offering by collateralized loan obligation asset managers.
In 2016 and beyond, U.S. Bank plans to expand the platform offering to
other segments of the market.
U.S. Bank Global Corporate Trust Services is a leading provider of
corporate trust services in the United States and Europe, serving
private and public companies, government and tax-exempt entities and
financial services companies. Global Corporate Trust Services operates a
network of 51 domestic offices and two international locations in London
and Dublin. It received a variety of client service awards last year in
both the U.S. and Europe, from industry experts including GlobalCapital
and HFMWeek.
About U.S. Bank
U.S. Bancorp (NYSE:USB), with $422 billion
in assets as of December 31, 2015, is the parent company of U.S. Bank
National Association, the fifth largest commercial bank in the United
States. The Company operates 3,133 banking offices in 25 states and
4,936 ATMs and provides a comprehensive line of banking, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
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