Wed Nov 27 15:10:00 UTC 2024: ## U.S. Bank Appoints Kristy Carstensen to Lead Global Treasury Management
**Minneapolis, MN – November 27, 2024** – U.S. Bank announced the appointment of Kristy Carstensen as the new head of its Global Treasury Management business. Carstensen, formerly the Chief Financial Officer of U.S. Bank’s Payment Services division, will also oversee the bank’s prepaid card organization.
The move comes as U.S. Bank anticipates growth in its payments business, driven by increased corporate spending and investments in digital capabilities and integrated payment solutions. This appointment underscores the bank’s commitment to delivering interconnected banking and payment solutions to help clients operate more efficiently.
Carstensen brings extensive experience to the role, having served as strategic capital management executive and CFO of Community Development Corp. during her 13-year tenure at the bank. Her leadership in Payment Services has been credited with improving client payment experiences.
“Kristy is well-positioned to drive the Global Treasury Management business forward,” said Shailesh Kotwal, Vice Chair of Payment Services at U.S. Bank. Carstensen herself emphasized the need for innovative payment technology to meet the evolving needs of clients undergoing major transformations.
The announcement follows recent strategic partnerships and initiatives by U.S. Bank, including a collaboration with One Inc to integrate money movement and banking capabilities for the insurance industry and the launch of a new travel booking platform for credit card holders. The bank continues to explore partnerships with innovative companies to expand its offerings.
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