What this means for you

Continuity

Your relationships and service remain the same

You’ll continue working with the BTIG professionals and leadership you know, delivering the same quality and expertise you expect.

Built on a trusted foundation

A partnership more than a decade in the making

U.S. Bancorp and BTIG have worked closely together for over 10 years, including long‑standing collaboration in equity capital markets and M&A advisory.

Strength and Stability

Expanded access and capabilities

With the strength of a robust balance sheet and comprehensive banking, payments and custody solutions, BTIG clients now benefit from broader financial capabilities from U.S. Bancorp.

U.S. Bancorp at a glance

U.S. Bancorp serves millions of clients globally through a diversified mix of businesses, including commercial, corporate and institutional banking, payments and wealth management.

$12T

In assets under custody and administration  1

$688B

Assets 2

~47k

Corporate and Institutional Clients 3

105

Ranking on the Fortune 500 4

Expanded capabilities. Enhanced client experience.
The power of U.S. Bancorp and BTIG.

New and established capabilities

   U.S. Bancorp

   BTIG

Equity capital markets

Equity sales, trading and execution

M&A advisory

Prime brokerage

Equity derivatives

Equity research

Leveraged finance

Structured credit

Investment grade debt capital markets & trading

Loan syndications

Interest rate derivatives

Commodities

Foreign exchange

Repo

New and established capabilities

Equity capital markets

   U.S. Bancorp

   BTIG

New and established capabilities

Equity sales, trading and execution

   U.S. Bancorp

   BTIG

New and established capabilities

M&A advisory

   U.S. Bancorp

   BTIG

New and established capabilities

Prime brokerage

   U.S. Bancorp

   BTIG

New and established capabilities

Equity derivatives

   U.S. Bancorp

   BTIG

New and established capabilities

Equity research

   U.S. Bancorp

   BTIG

New and established capabilities

Leveraged finance

   U.S. Bancorp

   BTIG

New and established capabilities

Structured credit

   U.S. Bancorp

   BTIG

New and established capabilities

Investment grade debt capital markets & trading

   U.S. Bancorp

   BTIG

New and established capabilities

Loan syndications

   U.S. Bancorp

   BTIG

New and established capabilities

Interest rate derivatives

   U.S. Bancorp

   BTIG

New and established capabilities

Commodities

   U.S. Bancorp

   BTIG

New and established capabilities

Foreign exchange

   U.S. Bancorp

   BTIG

New and established capabilities

Repo

   U.S. Bancorp

   BTIG

What our leaders are saying

Gunjan Kedia
Chief Executive Officer, U.S. Bancorp

“BTIG’s top talent, capabilities and technology strengthen our capital markets platform and deepen the relationships we build with institutional and corporate clients.”

Anton LeRoy Chief Executive Officer, BTIG

“Joining U.S. Bancorp allows us to expand our collective impact while continuing to deliver the same high-touch service our clients expect.”

Stephen Philipson
Vice Chair and Head of Wealth, Corporate, Commercial and Institutional Banking, U.S. Bancorp

“This combination fills key product gaps and enables us to offer a more comprehensive capital markets experience.”

Frequently asked questions

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Disclosures

Investment products and services are:
NOT A DEPOSIT • NOT FDIC INSURED • MAY LOSE VALUE • NOT BANK GUARANTEED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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  1. Amount reported as of December 31, 2025

  2. Average balances as of March 31, 2026

  3. Data as of March 31, 2026

  4. Source: Fortune Global 500 Ranking (2025)

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BTIG, LLC is an SEC-registered broker-dealer, member of FINRA and SIPC, and subsidiary of U.S. Bancorp and affiliate of U.S. Bank, National Association.

Deposit products are offered by U.S. Bank National Association (USBNA). Member FDIC. 

Foreign exchange, derivatives and commodities products are offered by USBNA.

Capital markets products are offered by U.S. Bancorp Investments, Inc., an SEC-registered broker-dealer and member of FINRA and SIPC.



Investment advisory services are offered by U.S. Bancorp Asset Management, Inc. PFM Asset Management provides investment advisory services to the public sector and is a division of U.S. Bancorp Asset Management, Inc.