U.S. Bancorp
09/27/2022 | Press release | Distributed by Public on 09/27/2022 23:25
U.S. Bank names capital markets blockchain lead
Milena Kohlhofer will help identify blockchain products that add efficiencies to capital markets business and advise Corporate & Commercial Banking clients on blockchain solutions.
MINNEAPOLIS, (September 27, 2022) - U.S. Bank announced today that it has created a new position focused on helping the bank utilize emerging blockchain technologies to improve efficiencies in its capital markets business and provide Corporate & Commercial Banking clients with new product solutions and blockchain advisory services.
Milena Kohlhofer was named capital markets blockchain lead at U.S. Bank after a decade at Citi, where she helped lead digital assets initiatives and strategic investments for the Citi Markets business. As an enterprise, U.S. Bank has been working with blockchain technology for the last six years, primarily in the context of exploring and experimenting how the technology could create new opportunities and efficiencies across the company.
"Our Corporate & Commercial Banking clients rely on us to be a trusted advisor on new and emerging finance solutions that can propel their businesses forward. Many of these innovations will be in the blockchain space, which is why we brought in one of the leading experts in how banks can deliver blockchain solutions for businesses," said Marcus Martin, managing director and head of ESG for commercial products, U.S. Bank. "Milena will be a key player in our efforts to harness the potential of blockchain to create more value for our clients."
Kohlhofer will focus on advising the bank's Corporate & Commercial Banking clients - U.S. Bank has relationships with approximately 90% of the Fortune 500 - on blockchain infrastructure, product development, and the blockchain regulatory landscape. A part of the bank's Commercial Products group, she'll also lead the strategic development of core blockchain capabilities to support a variety of use cases across the capital markets business. In addition, Kohlhofer will also identify additional FinTech companies to collaborate with on blockchain solutions.
The Commercial Products group at U.S. Bank serves Corporate & Commercial Banking clients with dedicated teams and specialists in various product areas. The group's capabilities included asset-based finance, asset-backed securities and CLOs, corporate and municipal bond sales, trading, and origination, loan sales & trading, syndicated loans, equipment finance, interest rate derivatives, foreign exchange, sponsor finance, subscription finance, and private placements.
Contact:
Todd Deutsch, U.S. Bank Public Affairs & Communications
[email protected] | 612.303.4148
About U.S. Bank
U.S. Bancorp, with approximately 70,000 employees and $591 billion in assets as of June 30, 2022, 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. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2022 World's Most Ethical Companies and Fortune's most admired superregional bank. Learn more at usbank.com/about.