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US Bank names head of Fixed Income & Capital Markets.

M2 EQUITYBITES-October 17, 2017-US Bank names head of Fixed Income & Capital Markets

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US Bank has announced that Stephen Philipson has been promoted to head of Fixed Income & Capital Markets (FICM), the company said.

Philipson will have responsibility for all sales, trading and origination, as well as risk and funding for the FICM businesses -- Capital Markets, Credit Fixed Income, Derivative Products, Foreign Exchange and Municipal Products. He will remain in Charlotte, North Carolina, where US Bank has nearly 700 employees.

Philipson joined US Bank in 2009 and most recently held the position of head of Credit & Municipal Fixed Income. During his tenure at US Bank, he has helped build the Credit Fixed Income group into one of the nation's fastest-growing corporate bond businesses, ranked in the Top Five in Thomson Reuters lead and co-managed domestic investment grade league table. Stephen has more than 16 years of fixed income and capital markets experience, including roles at Wachovia/Wells Fargo Securities and Morgan Stanley.

Douglas Fink and James Whang will succeed Philipson as co-heads of Credit & Municipal Fixed Income. Most recently, Fink served as head of Debt Capital Markets at US Bank and Whang as head of Credit & Municipal Fixed Income Sales and Trading at US Bank.

Minneapolis-based US Bancorp (NYSE: USB), with USD 464 billion in assets as of June 30, 2017, is the parent company of US Bank National Association, the fifth largest commercial bank in the United States. The company operates 3,088 banking offices in 25 states and 4,826 ATMs, and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit US Bancorp on the web at www.usbank.com.

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Publication:M2 EquityBites (EQB)
Date:Oct 17, 2017
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