U.S. Bank Names Kai Sakstrup Chief Product Officer for Wealth, Corporate, Commercial and Institutional Banking
September 19 2023 - 9:00AM
Business Wire
Sakstrup to lead innovation across product
categories to meet the evolving needs of clients
U.S. Bank announced today that strategy and marketing executive
Kai Sakstrup has been named chief product officer for its Wealth,
Corporate, Commercial and Institutional Banking (WCIB) division.
Beginning Oct. 1, Sakstrup will lead a cross-functional team in
developing and creating new products across the WCIB organization
to better serve wealth and institutional clients, commercial
businesses and corporations. He also will be responsible for
creating the strategy and roadmap for a wide variety of WCIB
products and the infrastructure needed to support them.
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Kai Sakstrup, chief product officer,
Wealth, Corporate, Commercial and Institutional Banking, U.S. Bank.
(Photo: Business Wire)
Sakstrup previously served as chief strategy officer for U.S.
Bank for more than six years and as acting chief marketing officer
since last summer. He joined U.S. Bank in 2015 as senior vice
president of corporate strategy. Prior to joining U.S. Bank,
Sakstrup worked at Ameriprise Financial for seven years, at Kelton
as chief financial officer and chief operating officer, and at Bain
& Company as a consultant. He has a bachelor’s degree in
Business Administration from the University of Wisconsin-Madison
and an MBA from Northwestern University. He is based in
Minneapolis.
“We are excited to have a leader with such impressive and
relevant experience join our leadership team,” said Gunjan Kedia,
vice chair, Wealth, Corporate, Commercial and Institutional
Banking. “In the last eight years, Kai has enhanced and elevated
our strategic planning efforts, provided exceptional leadership,
and led our marketing and analytics function, helping us better
serve clients and their corporate finance and wealth needs. He has
been core to our product model development, allowing us to deliver
innovative products, and will be a great addition to the WCIB
team.”
Sakstrup said, “U.S. Bank has a long history of offering
products and solutions that help our clients manage a wide variety
of needs, from corporate and commercial loans and deposits to
wealth planning to investment services. I’m looking forward to
continuing that spirit of innovation and exceptional service for
WCIB clients.”
About U.S. Bancorp
U.S. Bancorp, with approximately 77,000 employees and $681
billion in assets as of June 30, 2023, is the parent company of
U.S. Bank National Association. The Minneapolis-based company
serves millions of customers locally, nationally and globally
through a diversified mix of businesses: Consumer and Business
Banking; Payment Services; Corporate & Commercial Banking; and
Wealth Management and Investment Services. Union Bank, consisting
primarily of retail banking branches on the West Coast, joined U.S.
Bancorp in 2022. U.S. Bancorp has been recognized for its approach
to digital innovation, social responsibility, and customer service,
including being named one of the 2023 World’s Most Ethical
Companies and Fortune’s most admired superregional bank. To learn
more, please visit the U.S. Bancorp website at usbank.com and click
on “About Us.”
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version on businesswire.com: https://www.businesswire.com/news/home/20230919340739/en/
Kristin Kelly, U.S. Bank Public Affairs & Communications
Kristin.kelly@usbank.com
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