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Terry Sandven Named Chief Equity Strategist for U.S. Bank Wealth Management

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 19, 2012-- U.S. Bank Wealth Management, a top 20 wealth manager,* announced today that Terry Sandven has been appointed chief equity strategist, a new position within U.S. Bank Wealth Management. Sandven reports to Tim Leach, chief investment officer of U.S. Bank Wealth Management.

Terry Sandven, U.S. Bank Wealth Management (Photo: U.S. Bank)

Terry Sandven, U.S. Bank Wealth Management (Photo: U.S. Bank)

“Terry brings a strong background in overseeing comprehensive equity strategies to his new position,” Leach said. “His expertise in equity management will help position U.S. Bank Wealth Management as a leading industry voice on developments within the equity markets.”

Sandven will build and lead the strategic equity management team that manages individual stocks not managed by third-party managers for all client accounts of Ascent Private Capital Management of U.S. Bank, the ultra-high-net-worth unit of U.S. Bank Wealth Management. Sandven will also lead the equity workgroup, which supervises equity investment policy and strategic process. Additionally, he will serve as the primary source of information about equity investment at U.S. Bank Wealth Management.

Sandven joins U.S. Bank from Piper Jaffray, where he served for more than 18 years. He most recently served as head of product management and was responsible for analyzing, refining and distributing equity research recommendations across the firm, including market commentary.

Sandven earned a bachelor’s degree in business administration from Concordia College in Moorhead, Minn., and a Master of Arts degree in communication from the University of Wisconsin-Milwaukee. He also holds an M.B.A. degree from the Carlson School of Management at the University of Minnesota.

About U.S. Bank Wealth Management
U.S. Bank Wealth Management offers comprehensive wealth management services, including investment management, private banking, personal trust and estate administration, financial planning, multigenerational wealth planning, and family dynamics and governance for individuals, families, and their foundations. Ascent Private Capital Management serves ultra-high-net-worth clients with $25 million or more of investable assets; The Private Client Reserve (privateclientreserve.usbank.com) serves high-net-worth clients with more than $1 million of investable assets; and The Private Client Group serves affluent clients with more than $100,000 of investable assets.

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $352 billion in assets as of September 30, 2012, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Company operates 3,086 banking offices in 25 states and 5,080 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at usbank.com.

* Barron’s 2012 survey of "Top 40 Wealth Managers,” Sept. 15, 2012.

Deposit products offered by U.S. Bank National Association. Member FDIC. Credit products offered by U.S. Bank and subject to normal credit approval.

Investment products are:

             
Not a Deposit     Not FDIC Insured     Not Guaranteed by the Bank
May Lose Value     Not Insured by Any Federal Government Agency
   

U.S. Bank and its representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. Individuals should consult their tax and/or legal advisor for advice and information concerning their particular situation.

U.S. Bank is not affiliated with the other companies or organizations mentioned in this publication. U.S. Bank is not responsible for and does not guarantee the products, services or performance its affiliates or third-parties.

Source: U.S. Bank

Cheryl Stone
Vice President, Public Relations
U.S. Bank Wealth Management
(612) 303-5657
or
Robin Francis
U.S. Bank Wealth Management
(651) 466-7187

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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