U.S. Bank Names Stephen Philipson Head of Fixed Income & Capital Markets
October 16 2017 - 9:30AM
Business Wire
U.S. Bank today announced that Stephen Philipson has been
promoted to head of Fixed Income & Capital Markets (FICM),
effective immediately. Philipson will have responsibility for all
sales, trading and origination, as well as risk and funding for the
FICM businesses – Capital Markets, Credit Fixed Income, Derivative
Products, Foreign Exchange and Municipal Products. He will remain
in Charlotte, North Carolina, where U.S. Bank has nearly 700
employees.
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Stephen Philipson, head of Fixed Income
& Capital Markets at U.S. Bank (Photo: Business Wire)
“Stephen’s strategic leadership and client focus are exemplary,”
said Jim Kelligrew, vice chairman and co-head of Wholesale Banking.
“I am confident that Stephen will continue to drive growth in Fixed
Income & Capital Markets and help us build on our reputation as
the most trusted choice for our clients.”
Philipson joined U.S. Bank in 2009 and most recently held the
position of head of Credit & Municipal Fixed Income. During his
tenure at U.S. Bank, he has helped build the Credit Fixed Income
group into one of the nation’s fastest-growing corporate bond
businesses, ranked in the Top Five in Thomson Reuters lead and
co-managed domestic investment grade league table. Stephen has more
than 16 years of fixed income and capital markets experience,
including roles at Wachovia/Wells Fargo Securities and Morgan
Stanley.
Philipson earned his B.A. from Washington and Lee University and
currently serves on the board of directors of U.S. Bancorp
Investments, Inc. and the ABA Securities Association. He is an
active leader in the community, serving on the board of directors
of Temple Beth El and as co-chair of the board of directors for
Opera Carolina. He also serves on the board of governors of Isidore
Newman School and is a member of the Founders’ Circle of the Mint
Museum of Craft + Design.
Douglas Fink and James Whang will succeed Philipson as co-heads
of Credit & Municipal Fixed Income. Most recently, Fink served
as head of Debt Capital Markets at U.S. Bank and Whang as head of
Credit & Municipal Fixed Income Sales and Trading at U.S.
Bank.
Minneapolis-based U.S. Bancorp (NYSE: USB), with $464 billion in
assets as of June 30, 2017, is the parent company of U.S. Bank
National Association, the fifth largest commercial bank in the
United States. The Company operates 3,088 banking offices in 25
states and 4,826 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.
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U.S. Bank Public Affairs & CommunicationsElizabeth Parra,
415-464-8521elizabeth.parra@usbank.com@usbank_news
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