LONDON--(BUSINESS WIRE)--Dec. 21, 2015--
U.S. Bank and its affiliate Quintillion Limited have been recognised in
Europe by HFMWeek as the best provider of trustee services, debt/loan
administration and fund administration client service at the inaugural
Alternative Credit Intelligence European Performance Awards in London.
Alternative Credit Intelligence, a division of global hedge fund
publisher and networking service HFMWeek, assembled a judging panel for
the awards consisting of leading institutional and private investors,
industry experts and its own representatives. U.S. Bank was specifically
recognised as:
-
Best Trustee Services (Overall) – U.S. Bank Global Corporate Trust
Services
-
Best Debt/Loan Administration (Overall) – U.S. Bank Global Corporate
Trust Services
-
Best Administrator (Client Service) – Quintillion
U.S. Bank has grown its securities services businesses – corporate trust
and fund administration services – considerably in Europe in recent
years. In the corporate trust space, the bank entered the European
market in 2010 and has since grown its client base and market share to
become an established leader, maintaining the top position in the CLO
market for three consecutive years. In the fund services space, the bank
expanded in Europe through its 2013 acquisition of hedge fund
administrator Quintillion. Since the acquisition, Quintillion has grown
its client base and increased its assets under administration by more
than 40 percent.
“This recognition is meaningful because it stems from input by many of
the firms that we serve here,” said Tom Cubitt, London-based senior vice
president of U.S. Bank Global Corporate Trust Services in Europe. “We’ve
built our European corporate trust business based on feedback from
clients and others in the industry. We strive to understand their needs,
and we believe we have the right technology and people on board to
sustain our growth in the years ahead.”
“Quintillion has been a leading fund servicing business of alternative
investment funds in Europe for many years. Our ownership by U.S. Bank
has benefitted our fund administration clients, as we leverage U.S.
Bank’s industry leading financial strength, global capabilities and
ability to invest in our business. It enables us to tap into the bank’s
people, technology and compliance expertise. It’s strengthened our
competitive position and helped us become a more comprehensive service
partner for our clients,” said Joan Kehoe, Dublin-based CEO of
Quintillion.
Quintillion was also recently recognised as the best valuations service
provider at HFMWeek’s CTA Intelligence European Services Awards.
About Quintillion
Quintillion’s principal service is the delivery of accurate and timely
net asset values that have been independently calculated in a highly
automated, integrated and controlled environment for an extensive range
of investment strategies. Founded in 2006, Quintillion’s expertise and
leading technology are fortified by the financial strength of U.S. Bank,
the fifth largest commercial bank in the United States and the parent
company of both Quintillion and U.S. Bancorp Fund Services. Visit
Quintillion on the web at www.quintillion.com.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $416 billion in assets as of September
30, 2015, is the parent company of U.S. Bank National Association, the
fifth largest commercial bank in the United States. The company operates
3,151 banking offices in 25 states and 5,001 ATMs 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 usbank.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151221005182/en/
Source: U.S. Bancorp
U.S. Bank Corporate Communications
Pat Swanson, 816-871-2394
patrick.swanson@usbank.com
@usbank_news