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Quintillion Limited and U.S. Bancorp Fund Services Name Owain McNeill Senior Vice President, Business Development to Support Europe

LONDON & MILWAUKEE--(BUSINESS WIRE)--Oct. 14, 2014-- Owain McNeill recently joined Quintillion Limited (Quintillion), a European-based affiliate of U.S. Bancorp Fund Services, LLC (USBFS), as senior vice president of business development. McNeill, based in London, will focus on the continued growth of the company’s alternative investment service offering throughout the European, Middle East, and Africa (EMEA) market.

“We are excited to continue expanding our dedicated team of professionals serving the European financial community,” said Joan Kehoe, chief executive officer for Quintillion. “Owain’s experience and expertise in alternative investments and fund administration helps strengthen our team and provides additional support for our clients.”

McNeill joins Quintillion with more than 10 years of experience related to alternative investments, offshore servicing, and regulated funds. Prior to joining Quintillion, McNeill was a director of sales at Citi Global Investor Services in London. In his new role, McNeill will focus on expanding Quintillion’s alternative investment client base, providing quality products, and offering comprehensive services needed to support their funds. McNeill will liaise with European investment managers who require fund administration, middle office, investor services, risk and regulatory support, conversion and launch services, or tax and financial statement support.

"The acquisition of Quintillion complemented our 2012 purchase of AIS Fund Administration and demonstrates our desire to be a leader in this evolving segment," said Joe Redwine, president of U.S. Bancorp Fund Services. “Expanding our European-based business development team provides us the opportunity to better service our current and future clients, while strengthening our global presence.”

Prior to starting his career, McNeill received his Bachelor of Arts in English and history, and a Master of Arts in history from the University of Wales, Aberystwyth, United Kingdom.

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. Bancorp Fund Services

Headquartered in Milwaukee since 1969, U.S. Bancorp Fund Services, LLC provides single-source solutions to support a variety of investment strategies and products including mutual funds, alternative investments, open-end, closed-end, and exchange traded funds. The division currently services 519 fund families comprised of 3,164 portfolios, 4,410 fund classes, and 3.6 million shareholder accounts with $948 billion in client assets. U.S. Bancorp Fund Services is a subsidiary of U.S. Bank, the fifth largest commercial bank in the United States. Visit U.S. Bancorp Fund Services on the web at www.usbfs.com.

Source: Quintillion / U.S. Bancorp Fund Services

U.S. Bancorp Corporate Communications
Teri Charest, 612-303-0732
Mark Pawlyshyn, 414-765-5758
Marketing Manager

"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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