Rich Erario Named Head of U.S. Bank Global Treasury Management
September 24 2015 - 9:00AM
Business Wire
U.S. Bank has named Rich Erario head of it global treasury
management division. Erario succeeds Jeffrey Jones, who was
recently promoted to president of the bank’s corporate payment
systems division.
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Rich Erario (Photo: Business Wire)
“We set out several years ago to grow our global treasury
management business on the foundation of understanding and
advocating for our clients. Rich has been integral to this
initiative and we’re pleased to be able to promote from within the
division,” said Leslie Godridge, executive vice president for
national corporate specialized industries and global treasury
management for U.S. Bank.
Based in New York City, Erario joined U.S. Bank five years ago
as a senior vice president in the division. During that time he’s
been a leader in developing and implementing its “Working Capital
DNA” engagement program, a consultative, client-focused approach
that was named best in the industry this year by Global
Finance.
Aimed to help clients optimize their working capital, the
Working Capital DNA Engagement process provides a complete and
thorough working capital analysis through two one-hour sessions of
client-required commitment. Over the last three years, the bank has
conducted more than 3,000 sessions.
“When developing a long-term cash management strategy for a
client’s unique needs, it’s critical for us to have a holistic
understanding of their processes as well as their corporate
culture,” Erario said. “We’ve built a way to do this efficiently
through structured conversations and recommendations tied to
quantifiable ROI results.”
Erario is a graduate of Adelphi University and has more than 30
years of experience in corporate and consumer banking, including
managing director and division head roles at JPMorgan Chase in New
York City. U.S. Bank’s presence in greater New York City continues
to grow and has emerged as a key wholesale banking hub. Today, it
employs more than 500 people in the market, more than triple from
2008.
About U.S. BankMinneapolis-based U.S. Bancorp (NYSE:
USB), with $419 billion in assets as of June 30, 2015, is the
parent company of U.S. Bank National Association, the fifth-largest
commercial bank in the United States. The Company operates 3,164
banking offices in 25 states and 5,020 ATMs and provides a
comprehensive line of banking, investment, mortgage, trust and
payment services products to consumers, businesses and
institutions. Visit U.S. Bancorp on the web at www.usbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150924005103/en/
U.S. Bank Corporate CommunicationsPatrick Swanson,
816-871-2394patrick.swanson@usbank.com
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