Veteran executive Wally Barys has been named to lead the new vertical
MINNEAPOLIS — U.S. Bank today announced that it has created a dedicated Custody for Asset Managers area within its Investment Services division and named Wally Barys to lead the new vertical. The organization builds on U.S. Bank's established fund custody business, bringing together specialized expertise, global market access and a more streamlined client experience for asset management firms seeking custody solutions across a range of fund structures and asset vehicles.
"We see a significant opportunity to strengthen our longstanding custody offering by bringing greater focus to the asset management segment,” said Alan Flanagan, head of Global Investment Services at U.S. Bank. “Establishing primary asset and cash relationships creates opportunities to deepen client partnerships and connect clients with a broader range of U.S. Bank solutions."
As head of Custody for Asset Managers, Barys will lead the strategy and growth of the business, overseeing a team focused on client experience and end-to-end service delivery across global markets. He will also drive innovation, operational scalability and cross-enterprise integration to support clients' strategic priorities and further expand the bank’s custody capabilities.
Barys has been with U.S. Bank for nearly 10 years, leading Global Network Management for Investment Services. Most recently, he served as head of Executive Engagement and Strategic Partnerships within the bank’s Wealth, Corporate, Commercial and Institutional Banking Operations group. Prior to U.S. Bank, Barys held roles in custody and global network teams at Northern Trust and Brown Brothers Harriman.
"Creating a custody group dedicated to the products issued by asset managers strengthens our ability to compete in an important growth market," Flanagan said. "Wally's extensive custody expertise, industry relationships and leadership experience make him exceptionally well-positioned to lead this effort and help our clients succeed."
Barys is a member of the Investment Services senior leadership team and is based in New Jersey. He holds a bachelor’s degree from the College of the Holy Cross and an MBA from Suffolk University.
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Contact:
Kimberly Mikrot, U.S. Bank Public Affairs and Communications
kimberly.mikrot@usbank.com
About U.S. Bancorp
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients globally, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 110th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities.
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