CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan. 24, 2019--
U.S. Bancorp announced today the launch of its new Asset Backed
Securitization Lending business, providing non-recourse commitments
secured by consumer and commercial receivables. With this new
capability, U.S. Bancorp leverages its direct corporate lending
experience to provide clients with an additional credit product.
Bo Weatherly joined U.S. Bancorp in 2016 and will serve as managing
director for the new business. Weatherly has more than 25 years’
experience in financial services and is based in Charlotte, North
Carolina. In anticipation of the product launch, Weatherly brought
together a team of established industry experts, each with an average of
20 years of experience in the asset-backed securitization markets.
“We are continuously striving to provide our clients with a diverse
array of options for borrowing and investing that can help power their
potential,” said Stephen Philipson, executive vice president and head of
Fixed Income & Capital Markets at U.S. Bancorp. “Through the launch of
our Asset Backed Securitization Lending business, clients are able to
leverage U.S. Bancorp’s strong balance sheet and the deep industry
expertise of one of the world’s most trusted financial partners.”
The addition of an Asset Backed Securitization Lending team underscores
the commitment that U.S. Bancorp has made to its Fixed Income & Capital
Markets platform and to providing current and prospective clients with
additional ways to access capital. This new product is another example
of expanding offerings that make U.S. Bank central to the financial
lives of its clients.
“Clients want alternatives when it comes to sources of capital,” said
Joseph Murphy, executive vice president and group head in Corporate
Banking at U.S. Bancorp. “We see this as a great opportunity to provide
more choice to our partners, while also expanding our capabilities in a
way that aligns with our broader strategy of putting customers first.”
About U.S. Bancorp Fixed Income & Capital Markets
U.S.
Bancorp Fixed Income & Capital Markets is a leading provider of bank and
bond capital, interest rate and foreign exchange services focused on
helping clients meet their business and financial objectives. The group
started its growth trajectory in 2009 and has achieved top 10 market
share in many product areas including: Investment Grade Debt Capital
Markets #4 by number Lead and Co-Managed client bond offerings; #10 by
number of client bond offerings U.S. Bancorp has Book-Managed. In Loan
Capital Markets, U.S. Bancorp is ranked #7 in Overall U.S. Bookrunner,
#5 in Investment Grade Bookrunner, and #5 in Investment Grade New Money
Bookrunner by deal count for 2018 (as reported by Thomson Reuters LPC
2018 League Tables).
About U.S. Bancorp
U.S. Bancorp, with 74,000 employees
and $467 billion in assets as of December 31, 2018, is the parent
company of U.S. Bank, the fifth-largest commercial bank in the United
States. The Minneapolis-based bank blends its relationship teams,
branches and ATM network with mobile and online tools that allow
customers to bank how, when and where they prefer. U.S. Bank is
committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment services
customers across the country and around the world as a trusted financial
partner, a commitment recognized by the Ethisphere Institute naming the
bank a 2018 World’s Most Ethical Company. Visit U.S. Bank at www.usbank.com or
follow on social media to stay up to date with company news.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190124005448/en/
Source: U.S. Bancorp
U.S. Bank Public Affairs & Communications
Elizabeth Parra,
415-464-8521
elizabeth.parra@usbank.com
@usbank_news