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U.S. Bank announces leadership changes.

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M2 EQUITYBITES-June 30, 2020--U.S. Bank announces leadership changes

(C)2020 M2 COMMUNICATIONS http://www.m2.com

Global Banking News - 30 June 2020

U.S. Bank, subsidiary of U.S. Bancorp (NYSE: USB), has said that it has brought in certain key leadership changes within its Corporate & Commercial Banking (CCB) business.

'We're simplifying our organisation 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 part of the transitions, Felicia La Forgia, who most recently oversaw the bank's Oil & Gas, Retail & Apparel, and Utilities industry groups, has been named as head of Corporate Banking. In the new role, La Forgia will lead corporate client activity throughout all industry, geographic, and government sectors and drive community engagement and cross-enterprise initiatives in the greater New York City area.

Hassan Salem, who has previously been U.S. Bank regional president, which included roles as Colorado market president and regional head of Commercial Banking, has been appointed as head of Commercial Banking, where he will lead a national team that serves middle-market clients and provides local-market leadership.

In the newly created role as head of CCB Strategy, Elliot Jaffee will lead CCB's strategic initiatives, including digital transformation, advanced data analytics, deposit strategy, and other key priorities. Jaffee has most recently led the U.S. Bank Commercial Banking team.

In addition, Joseph Murphy has been named as chief credit officer, Corporate & Commercial Banking. In this...

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