We’re constantly focused on delivering value-added ideas – not just pushing the ‘product du jour.’”Ĭollaboration helped the team grow quickly. Businesses trust us to help them succeed, and we work to be worthy of that confidence every day. We felt that putting the customer first and managing risk prudently were critical to a sustainable business model coming out of the crisis. “From the beginning, we made client service and ‘doing the right thing’ central to who we are and how we work – just like the rest of U.S. Kelligrew says early choices were important. The result was a team with decades of know-how and a unique drive to succeed. Bank and the challenge of building something new. He hired experienced industry leaders who were drawn to the strength and stability of U.S. Company leadership saw the potential of the business and gave Kelligrew the resources to create something from the ground up. But instead of pulling back, as others in the banking industry were doing, U.S. In 2009, companies were struggling with an economy still in crisis. I’m so proud of the value the CFI team brought – and continues to bring – to our corporate and commercial clients.” Earning that partnership in such a short time was a huge accomplishment, and we’ve never looked back. Just a few months after we launched the bond business, we led our first deal, which was a $300 million transaction for another financial-services company. “Ten years ago, we didn’t know yet how important this would be for our clients. We work with companies to understand their financing requirements and show them how to take advantage of different options, minimize interest-rate risk, and achieve financial stability.” “With our help,” he says, “clients have been able to invest in sustainable initiatives, fund strategic acquisitions, expand their stores, build homes, and raise bond financing for infrastructure projects that help communities grow. When we entered the corporate bond business to meet that need, clients reacted very quickly and positively.”ĭoug Fink is the managing director and co-head of Credit Fixed Income (CFI) & Municipal Finance at U.S. At the time, we were growing our lending relationships with clients, and they wanted financing products beyond just loans. Bank,” Kelligrew says, indicating the years not shown on the chart, “there was an idea that we could provide corporate and commercial clients with more ways to access capital so they could realize their goals. “Before there was Credit Fixed Income at U.S. Bank Vice Chairman and Corporate & Commercial Banking Co-Head Jim Kelligrew, an eye-catching chart details the meteoric rise of a business he helped launch a decade ago – and serves as a reminder of the mindset that has made the team a standout in the industry. Find a financial advisor or wealth specialistīuilt on ethics and service, the Credit Fixed Income team has grown into an industry leader.
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