Corporate Trust: An Industry on the Move

By Bryan Calder, President, U.S. Bank Global Corporate Trust Services

Bryan Calder

As the #1 trustee in the nation,* U.S. Bank Global Corporate Trust Services is uniquely positioned to observe movements and trends in the capital markets and proactively respond to market needs and specific deal requirements for each of our clients. Through strategic client and industry partnerships, combined with our industry expertise, ability to execute and superior service delivery, U.S. Bank can quickly accommodate you and your investors.

What’s on the Horizon?

As confidence returns to the markets, we are seeing sectors of the overall capital markets gain traction and move toward issuance levels not seen since 2008. Specifically, CLO issuance has already reached $40 billion in the first six months of 2013* — nearly double the YTD 2012 amount and well above 2008 through 2011 levels. The ABS market has also seen positive growth, a trend that should continue through 2013. The Public Finance market pace slowed in the first half of 2013 due to the interest rate uptick, but should remain steady for the remainder of the year as the need to fund projects continues.

In terms of global activity, Europe is seeing a variety of deals and issuance volume steadily increasing as signs of a broader recovery are becoming more apparent.

The #1 Choice for Today’s Environment

Today’s issuers and investors are looking for their service providers to give them a higher level of customer service, the ability to have increased transactional transparency and customized reporting capabilities, combined with regulatory compliance.

Savvy service providers will make the investments necessary to keep up with issuer needs in the areas of personal service and technology and provide increased benefits to their clients including advanced information access, strong compliance with new and ever-changing regulations and process efficiencies.

With the wind at our backs and our investments in people and technology, U.S. Bank continues to be one of the premier trust providers in the U.S. and globally. We are ranked the #1 trustee for U.S. asset-backed securitizations, collateralized debt obligations and municipal trustee transactions, corporate debt issues as well as the #1 municipal paying agent in the United States.* While others have closed or consolidated offices, U.S. Bank, has remained active in continuous service improvement. We have continued to build upon our corporate trust business through strategic acquisitions and the hiring of additional quality people to deliver local service through our 48 U.S and three international offices. U.S. Bank also continues to invest significantly in technology platforms and we look forward to launching our two new client account portals to help improve access to key data and improve the efficiency and effectiveness of our relationships.

U.S. Bank is proud to bring expertise and service commitment to every client through every transaction, every day. Thank you for your partnership.

* Source: Thomson Financial SDC (municipal & corporate data) and Asset-Back Alert (ABS & CLO data)-3/31/13

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The information provided represents the opinion of U.S. Bank and is not intended to be a forecast of future events or guarantee of future results. It is not intended to provide specific investment advice and should not be construed as an offering of securities or recommendation to invest. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Not a representation or solicitation or an offer to sell/buy any security. Investors should consult with their investment professional for advice concerning their particular situation.
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The articles and information included in this newsletter are for your information and are not intended as legal, accounting or tax advice. U.S. Bank and its representatives do not provide legal, accounting and/or tax advice. Clients are encouraged to contact their legal, accounting and/or tax advisor regarding their particular situation. While the information is intended to be accurate, neither U.S. Bank Global Corporate Trust Services nor the publisher accepts responsibility for relying on the information provided. U.S. Bank is not responsible for and does not guarantee the products, services or performance of its affiliates and third party providers. Images may be from one or more of these sources: ©Thinkstock, ©iStock, ©Fotolia. ©2013 U.S. Bank Global Corporate Trust Services. Member FDIC.