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U.S. Bank Recognised in Europe as Top Trustee and Loan Administrator; Quintillion as Top Fund Administrator

LONDON--(BUSINESS WIRE)--Dec. 21, 2015-- U.S. Bank and its affiliate Quintillion Limited have been recognised in Europe by HFMWeek as the best provider of trustee services, debt/loan administration and fund administration client service at the inaugural Alternative Credit Intelligence European Performance Awards in London.

Alternative Credit Intelligence, a division of global hedge fund publisher and networking service HFMWeek, assembled a judging panel for the awards consisting of leading institutional and private investors, industry experts and its own representatives. U.S. Bank was specifically recognised as:

  • Best Trustee Services (Overall) – U.S. Bank Global Corporate Trust Services
  • Best Debt/Loan Administration (Overall) – U.S. Bank Global Corporate Trust Services
  • Best Administrator (Client Service) – Quintillion

U.S. Bank has grown its securities services businesses – corporate trust and fund administration services – considerably in Europe in recent years. In the corporate trust space, the bank entered the European market in 2010 and has since grown its client base and market share to become an established leader, maintaining the top position in the CLO market for three consecutive years. In the fund services space, the bank expanded in Europe through its 2013 acquisition of hedge fund administrator Quintillion. Since the acquisition, Quintillion has grown its client base and increased its assets under administration by more than 40 percent.

“This recognition is meaningful because it stems from input by many of the firms that we serve here,” said Tom Cubitt, London-based senior vice president of U.S. Bank Global Corporate Trust Services in Europe. “We’ve built our European corporate trust business based on feedback from clients and others in the industry. We strive to understand their needs, and we believe we have the right technology and people on board to sustain our growth in the years ahead.”

“Quintillion has been a leading fund servicing business of alternative investment funds in Europe for many years. Our ownership by U.S. Bank has benefitted our fund administration clients, as we leverage U.S. Bank’s industry leading financial strength, global capabilities and ability to invest in our business. It enables us to tap into the bank’s people, technology and compliance expertise. It’s strengthened our competitive position and helped us become a more comprehensive service partner for our clients,” said Joan Kehoe, Dublin-based CEO of Quintillion.

Quintillion was also recently recognised as the best valuations service provider at HFMWeek’s CTA Intelligence European Services Awards.

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. Bank

U.S. Bancorp (NYSE: USB), with $416 billion in assets as of September 30, 2015, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The company operates 3,151 banking offices in 25 states and 5,001 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.

Source: U.S. Bancorp

U.S. Bank Corporate Communications
Pat Swanson, 816-871-2394

"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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