Corporate Trust Connection

U.S. Bank Closes Successful Year

Thanks to the support of our clients we will end 2014 having seen unprecedented growth across our European corporate trust business.

It's been an exciting year for us with numerous appointments in a wide variety of jurisdictions. For example we have worked in a range of trust and agency capacities on key deals such as Pangaea Funding, the first post crisis Greek CMBS deal, SC-Poland Auto 2014-1 Ltd. - the first Polish consumer finance deal by Santander Consumer Bank, S.A. as well as other headline deals with assets located in Italy, Germany, Austria and many more.

U.S. Bank continues to foster a reputation in the industry as one of the premier corporate trust providers with a host of service awards earned throughout 2014. The group was named 'Highest Rated Trustee for CDO, CLO and Auto ABS' by SCI, 'No. 1 Ranked Global CLO Trustee' by Creditflux, and awarded 'Best Trustee' at Global Capital's Securitisation Milestones dinner. "It's fantastic to be getting recognition right across the industry and across different product types," said Tom Cubitt, Head of Corporate Trust Europe. "We have seen remarkable growth over the past four years which can only be attributed to hard work and the emphasis we place on providing the best client service in the industry."

Concurrent with the resurgence of the global CLO market, U.S. Bank has now released its new web-based portal "pivot", which provides portfolio analysis and streamlines the collateral testing and reconciliation process (see separate article for more details). This release combined with the acquisition of Quintillion, a Dublin-based fund administration company, allows the group to provide a fully comprehensive debt fund service offering. "Being able to offer collateral administration services, as well as fund administration to hedge funds and other credit fund managers, is a huge asset and further underlines our ability to provide a one-stop shop solution," said Michael Whelan, Head of Relationship Management – Europe.

Anticipating this year's growth, we made a number of key hires. We have enlarged our External Reporting and Relationship Management teams on the CLO side as well as strengthening our Structured Finance, Loan Agency, Compliance and Onboarding teams in response to the growth we have experienced throughout the year. "We continue to see the corporate trust business in Europe grow and gain market share across key debt capital markets. We will continue to support that growth into 2015 and beyond to ensure all levels of service are maintained and improved from technology through to operational support," said U.S. Bank Global Corporate Trust Services President Bryan Calder.

For more information on the European group and further details of our full service offering visit us online at: https://usbank.com/corporatetrust.

"It's fantastic to be getting recognition right across the industry and across different product types",
Tom Cubitt

U.S. Bank Global Corporate Trust Services is a trading name of Elavon Financial Services Limited (a U.S. Bancorp group company), registered in Ireland with the Companies Registration Office, Reg. No. 418442. The liability of the member is limited. Registered Office located at Block E, First Floor, Cherrywood Business Park, Loughlinstown, Co. Dublin, Ireland. United Kingdom branch registered in England and Wales under the number BR009373. U.S. Bank Global Corporate Trust Services acts through the United Kingdom branch from its office located at 125 Old Broad Street, Fifth Floor, London, EC2N 1AR. Authorised by the Central Bank of Ireland. Regulated for conduct of business in the UK on a limited basis by the Financial Conduct Authority and Prudential Regulation Authority.
All trustee roles mentioned herein are performed by U.S. Bank Trustees Limited (a US Bancorp group company), a limited company registered in England and Wales under the number 2379632 and having its registered office at 125 Old Broad Street, Fifth Floor, London, EC2N 1AR.
U.S. Bank is not affiliated with the entities or organisations mentioned.
U.S. Bank Global Corporate Trust Services • 125 Old Broad Street, Fifth Floor • London, EC2N 1AR
© 2014 U.S. Bank, Global Corporate Trust Services. Member FDIC. All rights reserved.