Market Overview

U.S. Bank Names Ismat Aziz Chief Human Resources Officer

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U.S. Bank announced today that Ismat Aziz will become its new chief
human resources officer (CHRO). In this role, Aziz will direct the
strategy of the human resources organization including talent
acquisition and development, performance management, compensation and
benefits, employee relations, employee engagement, and diversity and
inclusion.

Aziz has more than 20 years of HR experience, most recently serving as
the CHRO at Sprint. Prior to that role, she held senior HR positions at
several other large, global companies. She has considerable experience
in operational effectiveness, talent acquisition, labor and employee
relations, compensation and benefits and global shared service
management, and talent management and development.

"Ismat is a dynamic, results-oriented leader who excels at attracting
and retaining high-performing teams," said Andy Cecere, U.S. Bank
chairman, president and CEO. "Through Ismat's leadership, we will
transform and grow our talent and culture strategy to be more
competitive, adaptable and well-positioned to lead in today's world."

"This is an exciting and pivotal time for our company, as we continue to
draw strength from a top leadership team that represents diverse
backgrounds, thoughts and perspectives," said Kate Quinn, vice chairman
and chief administrative officer. "Ismat has the talent and experience
to lead HR and to further grow and enable the success of our enterprise
strategy."

Aziz earned a master's degree from the Richard Ivey School of Business,
University of Western Ontario, and completed her undergraduate degree at
the University of Toronto. She serves as an executive in residence at
the Fuqua School of Business at Duke University and at the Joseph L.
Rotman School of Management, University of Toronto. She is a member of
the dean's Advisory Council at the Joseph L. Rotman School of
Management, as well. Aziz also serves on the Human Resources Advisory
Board, Bloch School of Management at the University of Missouri, Kansas
City. She previously served in the Women's Leadership Board (WLB) for
the Women and Public Policy Program, Harvard Kennedy School, Harvard
University. She is a certified human resources professional (CHRP)
through the Human Resources Association and a chartered director
(C.Dir.) through the Director's College, McMaster University.

About U.S. Bank
U.S. Bancorp, with 74,000 employees and $461
billion in assets as of June 30, 2018, is the parent company of U.S.
Bank, the fifth-largest commercial bank in the United States. The
Minneapolis-based bank blends its relationship teams, branches and ATM
network with mobile and online tools that allow customers to bank how,
when and where they prefer. U.S. Bank is committed to serving its
millions of retail, business, wealth management, payment, commercial and
corporate, and investment services customers across the country and
around the world as a trusted financial partner, a commitment recognized
by the Ethisphere Institute naming the bank a 2018
World's Most Ethical Company
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