Hail to the Chief.
has been named president and chief executive
of US Bancorp Asset Management
The 17-year company veteran Joseph M. Ulrey III
, who is retiring after 34-years with the firm.
US Bancorp Asset Management
is a $56 billion asset manager which runs five money market funds
under the First American Funds
brand with a total AUM of $38.71 billion, most recently served as the firm's chief operating officer.
The US Bancorp. subsidiary sold off its $80 billion long-term mutual fund business
in the summer of 2010 to Nuveen
Before serving as COO, Thole held a number of other positions at the asset manager and at First American Funds
, including senior managing director, head of operations, technology and fund treasury.
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