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U.S. Bancorp Fund Services, LLC, a subsidiary of U.S. Bancorp
USB, announced it has agreed to acquire Quintillion Limited
(Quintillion), an Ireland domiciled full-service hedge fund
administrator. The announcement supports U.S. Bancorp Fund Services'
strategic initiative to expand its alternative investment servicing
network supporting the European investment community.
“This acquisition continues to showcase the long-term commitment of U.S.
Bancorp to grow our securities services business,” said Terrance Dolan,
vice chairman of U.S. Bancorp Wealth Management & Securities Services.
“This enables us to enhance our European presence through additional
talented resources, and complements our focus on the expansion and
diversification of our alternative investment business.”
The transaction adds $18
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