MINNEAPOLIS--(BUSINESS WIRE)--Jun. 25, 2014--
U.S. Bancorp Asset Management, Inc. is pleased to announce that Eric
Thole has been named the firm’s chief executive officer and president,
effective June 30, 2014. Thole will succeed Joseph Ulrey, who is
retiring from U.S. Bank after 34 years of service.
Thole has been serving as chief operating officer of U.S. Bancorp Asset
Management, Inc. and vice president of First American Funds. He has
spent more than 17 years with the firm, working in positions of
increasing responsibility.
Thole earned a bachelor’s degree in finance with a minor in
communications from the University of Minnesota Duluth. He is active in
his local community promoting youth involvement in athletics.
“Eric’s background and leadership make him ideally suited for this
expanded role,” said Andrew Cecere, vice chairman and chief financial
officer of U.S. Bancorp. “We all wish Joe the very best in his
retirement, and thank him for his 34 years of service.”
Minneapolis-based U.S. Bancorp Asset Management, Inc. serves as
investment advisor to the First American Funds. A subsidiary of U.S.
Bank National Association, U.S. Bancorp Asset Management focuses on
providing investment management services to institutional clients,
including corporations, public entities and nonprofits. It has combined
assets under management of more than $56 billion as of May 31, 2014.
First American Funds are distributed by Quasar Distributors, LLC, an
affiliate of the investment advisor.
Mutual fund investing involves risk; principal loss is possible.
Investors should carefully consider the fund’s investment objectives,
risks, charges and expenses before investing. The prospectus contains
this and other information; call 800.677.3863 or visit
FirstAmericanFunds.com for a copy. Please read it carefully before
investing.
Investment products are not obligations of, or guaranteed by, any
bank, including U.S. Bank or any U.S. Bancorp affiliate, nor are
they insured by the Federal Deposit Insurance Corporation, the Federal
Reserve Board, or any other agency. An investment in such products
involves investment risk, including possible loss of principal.
U.S. Bank National Association is a separate entity and wholly owned
subsidiary of U.S. Bancorp, the fifth-largest commercial bank in the
United States, and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
Source: U.S. Bancorp Asset Management, Inc.
U.S. Bancorp Asset Management, Inc.
Investor Services, 800-677-3863