U.S. Bank Announces New Leaders and Changes in Corporate & Commercial Banking
June 29 2020 - 12:00PM
Business Wire
U.S. Bank recently announced key leadership changes designed to
further enhance client focus and speed to market in its Corporate
& Commercial Banking (CCB) business.
“We’re simplifying our organization to speed decision making,
enhance strategic focus and deliver the trusted partnership our
clients rely on as they navigate this new environment,” said Jim
Kelligrew, vice chair of Corporate & Commercial Banking.
As a result of this realignment:
- Felicia La Forgia, who most recently oversaw the bank’s
Oil & Gas, Retail & Apparel, and Utilities industry groups,
has been named head of Corporate Banking. La Forgia will
lead corporate client activity throughout all industry, geographic,
and government sectors, as well as spearhead community engagement
and cross-enterprise initiatives in the greater New York City
area.
- Hassan Salem, who previously held the position of U.S.
Bank regional president, which included roles as Colorado market
president and regional head of Commercial Banking, has been named
head of Commercial Banking, where he will lead a national
team that serves middle-market clients and provides local-market
leadership.
- Elliot Jaffee will lead CCB’s strategic initiatives,
including digital transformation, advanced data analytics, deposit
strategy, and other key priorities as head of CCB Strategy,
a newly established role. Most recently, Jaffee led the U.S. Bank
Commercial Banking team.
- As chief credit officer, Corporate & Commercial
Banking, Joseph Murphy will lead portfolio management and
oversee loan underwriting policies and procedures across business
lines. Most recently, Murphy oversaw the Government Banking and
Financial Institutions businesses, as well as portfolio management
for Corporate Banking at U.S. Bank.
- Shannon Donnelly, CCB’s new chief administrative
officer, will manage the business line’s relationships with all
key functional areas and serve as business manager for the Fixed
Income & Capital Markets group. Donnelly joined U.S. Bank in
2009.
These leaders are part of the Corporate & Commercial Banking
leadership team, which includes five additional senior
executives.
“We have a group of exceptionally talented U.S. Bank leaders
with deep expertise and an unwavering commitment to clients; our
newly organized team will help us push forward and take a strategic
lead in this new environment,” said Kelligrew.
Corporate & Commercial Banking is one of the bank’s four
main business lines, providing middle market, large corporate, and
commercial real estate clients with a wide range of solutions and
deep industry expertise to meet their most complex needs.
About U.S. Bank
U.S. Bancorp, with more than 70,000 employees and $543 billion
in assets as of March 31, 2020, is the parent company of U.S. Bank
National Association, the fifth-largest commercial bank in the
United States. The Minneapolis-based bank blends its relationship
teams, branches and ATM network with mobile and online tools that
allow customers to bank how, when and where they prefer. U.S. Bank
is committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment
services customers across the country and around the world as a
trusted financial partner, a commitment recognized by the
Ethisphere Institute naming the bank one of the 2020 World’s Most
Ethical Companies. Visit U.S. Bank at www.usbank.com or follow on
social media to stay up to date with company news.
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U.S. Bank Public Affairs &
Communications Elizabeth
Parra elizabeth.parra@usbank.com
@usbank_news
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