U.S. Bancorp Fund Services Promotes Neuberger To President

Mar 31 2017 | 8:31pm ET

U.S. Bancorp Fund Services has announced that Joe Neuberger, currently executive vice president and chief operating officer, will succeed Joe Redwine as president of the company in April. 

In his new role, Neuberger will be responsible for the day-to-day management, financial performance and long-term growth strategy of U.S. Bancorp’s fund services business, the company said in a statement. He will operate alongside Redwine, who has been with the company for 39 years and president since 1991, until the end of July, when he will retire. 

Neuberger has been with U.S. Bancorp Fund Services since 1994 and was instrumental in the establishment and growth of the company’s fund administration business. His role expanded to include Fund Accounting, Alternative Investments, Relationship Management, Tax, Legal Administration, and most recently, Transfer Agent, Distribution (Quasar Distributors) and Regulatory Support Services.

“Joe is the right person at the right time to take U.S. Bancorp Fund Services to the next level, both in client service and the growth of the business,” said Gunjan Kedia, vice chairman of U.S. Bancorp’s Wealth Management & Securities Services division. “He has proven himself to be an inspiring leader and has the talent and experience needed to deliver on high client expectations.”

Headquartered in Milwaukee since 1969 and a subsidiary of U.S. Bancorp, U.S. Bancorp Fund Services supports a variety of investment strategies and products, including mutual funds, alternative investments, open-end, closed-end and exchange-traded funds. The division currently services 556 fund families comprised of 3,352 portfolios, 4,216 fund classes and 3.6 million shareholder accounts with $959 billion in client assets.

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