Minneapolis-based financial services firm US Bank, the trading name for US Bancorp, has united its Global Fund Services and Global Corporate Trust teams into a single Investment Services division led by Jay Martin.
He will lead a global team that offers customised services to middle market, large corporate, government and institutional clients, including fund administration, custody, investor servicing, trustee services and corporate escrow.
Martin has led Global Fund Services since joining the bank in 2023.
Stephen Philipson, vice-chair of Wealth, Corporate, Commercial and Institutional Banking, said, “We have the No. 1 market share in the Corporate Trust markets we serve1, and our Fund Services business is thriving, with a steady drumbeat of new and enhanced capabilities to meet the evolving needs of clients.
“Bringing these two businesses together under a single leader will allow our clients to benefit from our combined scale, investments and more interconnected approach to serving them.”
Martin has three decades of financial services experience. Prior to joining US Bank, he spent time at Citco, where he was head of Operations within the Fund Services division, as well as Citi, SWIFT and Bank of New York Mellon. He holds a B.A. in economics from Bowdoin College.
