MINNEAPOLIS--(BUSINESS WIRE)--Dec. 19, 2016--
U.S. Bank, the nation’s fifth largest bank by assets, announced today
that it has named Sayantan Chakraborty senior vice president and head of
product management of its Global Treasury Management business.
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Sayantan Chakraborty, SVP and head of product management, Global Treasury Management at U.S. Bank (Photo: Business Wire).
In this role, Chakraborty will oversee the Global Treasury Management
product management and development organizations. The Global Treasury
Management business at U.S. Bank has been growing rapidly, building on a
proactive approach to technology and engineering change at client
companies through its innovative Working Capital DNA®
“This is an exceptionally exciting period in treasury management, with
major changes coming to the industry, driven by financial technology and
customer demand for improved efficiencies and new solutions,” said
Richard Erario, executive vice president, who heads Global Treasury
Management at the company. “We are delighted to have Sayantan join us at
such a pivotal time in our evolution, and I look forward to his many
contributions as we continue to seek out innovative ways to meet the
needs of our clients.”
Chakraborty comes to U.S. Bank from Citibank N.A. where he was most
recently a managing director in the Treasury and Trade Solutions group.
During his 15-year career with Citi he held various leadership
positions, including head of the North America payments business and
head of client implementations. His experience includes senior roles in
investment banking, wealth management and banking operations at Citi and
other financial institutions. A former director on the board of NACHA,
Chakraborty has been an advocate within the industry for some of the
most important ongoing market initiatives, such as same-day ACH and
Chakraborty will be based in New York City.
About U.S. Bancorp
Minneapolis-based U.S. Bancorp (NYSE:
USB), with $454 billion in assets as of September 30, 2016, is the
parent company of U.S. Bank National Association, the fifth largest
commercial bank in the United States. The Company operates 3,114 banking
offices in 25 states and 4,875 ATMs and provides a comprehensive line of
banking, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161219005325/en/
Source: U.S. Bank
Elizabeth Parra, 415-464-8521