U.S. Bank Promotes Leslie Godridge and Jim Kelligrew to Managing Committee; Richard Payne Announces His Retirement
January 06 2016 - 9:00AM
Business Wire
U.S. Bank (NYSE:USB), the fifth largest bank in the United
States, announced today that Leslie Godridge and Jim Kelligrew have
been promoted to Vice Chairs and Co-Heads of its Wholesale Banking
division, succeeding Richard “Dick” Payne who will retire in the
spring. Godridge and Kelligrew report to Chief Operating Officer
Andy Cecere and joined the bank’s 15-person Managing Committee,
effective Jan. 1, 2016.
“Leslie and Jim are tremendous leaders and we’re excited to
promote them to our Managing Committee,” said Cecere. “Our
Wholesale Banking division is positioned for continued growth under
their leadership, as our company’s financial strength and
best-in-class debt ratings give us a unique advantage in helping
our middle-market, large corporate, government/institutional and
commercial real estate customers achieve their goals.”
U.S. Bank’s Wholesale Banking division serves those customers –
middle-market, large corporate and commercial real estate firms, as
well as government and institutional entities – nationwide. Since
2007, the bank has invested heavily in adding or enhancing
capabilities to help them achieve their goals: expanding its
capital markets capabilities, developing a new treasury management
approach, enhancing foreign exchange and derivatives offerings, and
adding high-grade fixed income and municipal bond groups.
- Godridge will oversee national
corporate banking, global treasury management, public and nonprofit
finance, and commercial customer service and wholesale support.
Godridge joined the bank in 2007, most recently serving as
executive vice president and head of national corporate banking
specialized industries and global treasury management. Prior to
joining U.S. Bank, she had more than 30 years of experience at The
Bank of New York Mellon and IBM, and earned a bachelor’s degree
from Smith College and an MBA from New York University. She’s also
a repeat honoree for American Banker’s Most Powerful Women in
Banking. Godridge will remain based in New York.
- Kelligrew will oversee
commercial (middle-market) banking, commercial real estate,
specialized finance, administration and risk management, and fixed
income and capital markets. Kelligrew joined the bank in 2009, most
recently serving as executive vice president and head of fixed
income and capital markets. Prior to joining U.S. Bank, he had 22
years of experience at Wells Fargo/Wachovia, Bank of America and
Lehman Brothers, and earned a bachelor’s degree from the University
of Michigan. Kelligrew will remain based in Charlotte.
- Payne joined U.S. Bank in 2006
as Vice Chair and head of Corporate Banking, and in 2010 became
Vice Chair of Wholesale Banking (which includes Corporate Banking).
Under his leadership, the division expanded beyond its 25-state
regional footprint, opening offices in New York, Charlotte and
Dallas; grew its capital markets business five-fold; and has become
one of the top five wholesale banks in the country. Prior to
joining U.S. Bank, Payne spent more than 30 years in the industry
with National City Corporation, Wachovia, Bank of America, Morgan
Stanley and Chemical Bank. Prior to his banking career, he served
in the United States Navy.
“We congratulate Dick on his retirement and thank him for his
contributions to U.S. Bank,” said Richard Davis, chairman,
president and chief executive officer of U.S. Bancorp. “His
leadership over nearly a decade has been instrumental in expanding
our Wholesale Banking division into a national platform and
positioning it for future growth, as well as in the founding and
success of our Proud to Serve veteran support program.”
U.S. Bancorp (NYSE: USB), with $416 billion in assets as of
September 30, 2015, is the parent company of U.S. Bank, 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, 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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version on businesswire.com: http://www.businesswire.com/news/home/20160106005305/en/
U.S. Bank Corporate CommunicationsDana Ripley,
612-303-3167dana.ripley@usbank.com@usbank_news
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