MINNEAPOLIS--(BUSINESS WIRE)--April 26, 2007--Bryan R. Calder has
been named president of U.S. Bank Corporate Trust Services and Jeffrey
J. Kerr has been named president of U.S. Bank Institutional Trust &
Custody. Calder and Kerr will report directly to Diane L.
Thormodsgard, vice chairman and head of wealth management.
"I am very pleased to have Bryan and Jeff joining the management
team for wealth management," said Thormodsgard. "I have worked with
them for many years and know the value and experience they bring to
As president of U.S. Bank Corporate Trust Services, Calder will
manage the corporate trust services business that has grown to be one
of the leading providers of corporate trust and escrow services in the
Calder was most recently executive vice president and national
manager of the structured finance group in corporate trust at U.S.
Bank, which included structured finance, collateralized debt
obligations (CDO), document custody services, default administration
and tax analytics. Calder joined U.S. Bank in 2002 through the U.S.
Bank acquisition of the State Street corporate trust division. While
at State Street, Calder served in various managerial roles in
corporate trust, with his final role as senior vice president and
division executive for corporate trust responsible for management,
strategic direction and profitability. Calder has also held management
positions with Shawmut Bank, Connecticut National Bank and Morgan
Guaranty Trust Company of New York during his career.
Calder is a graduate of the University of Hartford. He and his
wife, Pia, live in Hanover, Mass.
As president of U.S. Bank Institutional Trust & Custody, Kerr will
manage a business that provides trust, custody, retirement, investment
services and health savings accounts to institutional clients through
a national network of offices.
Previously, Kerr was senior vice president and national manager of
the trust and custody group at U.S. Bank Institutional Trust &
Custody. During his nine years with U.S. Bank, Kerr also managed
several groups within corporate trust, including structured finance,
document custody services and the support services group. Prior to
joining U.S. Bank, he worked for Deutsche Bank (formerly Bankers
Trust) for ten years managing several groups within institutional
trust and custody, including head of U.S. domestic custody operations.
Kerr earned a Master of Business Administration degree from the
University of California at Los Angeles and a Bachelor of Science
degree in finance from Brigham Young University. He and his wife,
Deanna, reside in Eden Prairie, Minn.
U.S. Bancorp (NYSE:USB), with $221 billion in assets, is the
parent company of U.S. Bank, the 6th largest commercial bank in the
United States. The company operates 2,498 banking offices and 4,837
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 www.usbank.com.
CONTACT: U.S. Bank
Amy Frantti, Media Relations, 612-303-0733
SOURCE: U.S. Bank