NEW YORK--(BUSINESS WIRE)--Sep. 24, 2015--
U.S. Bank has named Rich Erario head of it global treasury management
division. Erario succeeds Jeffrey Jones, who was recently promoted to
president of the bank’s corporate payment systems division.
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Rich Erario (Photo: Business Wire)
“We set out several years ago to grow our global treasury management
business on the foundation of understanding and advocating for our
clients. Rich has been integral to this initiative and we’re pleased to
be able to promote from within the division,” said Leslie Godridge,
executive vice president for national corporate specialized industries
and global treasury management for U.S. Bank.
Based in New York City, Erario joined U.S. Bank five years ago as a
senior vice president in the division. During that time he’s been a
leader in developing and implementing its “Working Capital DNA”
engagement program, a consultative, client-focused approach that was
named best in the industry this year by Global Finance.
Aimed to help clients optimize their working capital, the Working
Capital DNA Engagement process provides a complete and thorough working
capital analysis through two one-hour sessions of client-required
commitment. Over the last three years, the bank has conducted more than
3,000 sessions.
“When developing a long-term cash management strategy for a client’s
unique needs, it’s critical for us to have a holistic understanding of
their processes as well as their corporate culture,” Erario said. “We’ve
built a way to do this efficiently through structured conversations and
recommendations tied to quantifiable ROI results.”
Erario is a graduate of Adelphi University and has more than 30 years of
experience in corporate and consumer banking, including managing
director and division head roles at JPMorgan Chase in New York City.
U.S. Bank’s presence in greater New York City continues to grow and has
emerged as a key wholesale banking hub. Today, it employs more than 500
people in the market, more than triple from 2008.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $419 billion in assets as of June 30, 2015, is the parent company
of U.S. Bank National Association, the fifth-largest commercial bank in
the United States. The Company operates 3,164 banking offices in 25
states and 5,020 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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Source: U.S. Bank
U.S. Bank Corporate Communications
Patrick Swanson, 816-871-2394
patrick.swanson@usbank.com