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U.S. Bancorp Wealth Unit Taps Former-Wells Fargo Exec for Key Post

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U.S. Bank Wealth Management, a unit of U.S. Bancorp with over 400 employee advisors and $136 billion of assets, has named Karen Wimbish as head of wealth management product.

Recently, Wimbish worked as an executive coach and consultant. She served as the head of the retail retirement group at Wells Fargo from June 2010 to February 2016. Prior to that role, she was president of the Latin American Group of Wells Fargo Advisors (formerly Wachovia Securities) from December 2005 to June 2010.  

“We are thrilled to welcome Karen to the U.S. Bank team, as she brings a unique blend of expertise, from working directly with financial advisors to managing retirement services for a retail wealth management business. She has deep experience in bringing together banking and investment services,” said Gailyn Johnson, COO for U.S. Bank Wealth Management, in a statement.

In her new role, Wimbish will be responsible for product development and management, including investments, insurance, trust, banking products and related platform technology.

“I am delighted to be joining an organization that cares so much for the financial security and success of its customers. I look forward to continuing to build a competitive and comprehensive product platform that serves the needs of all of our clients,” Wimbish explained in a statement.

Wimbish is a Chartered Financial Analyst (or CFA) charterholder and lives in Charlotte, North Carolina. She began work in the securities business in 1996 at Wheat First Securities and moved to Wachovia in 1998. 

Minneapolis-based U.S. Bancorp has nearly $455 billion in assets and is the parent company of U.S. Bank National Association, making it the fifth-largest commercial bank in the United States, it says. 


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