--(BUSINESS WIRE)--Dec. 21, 2015-- and its affiliate have been recognised in by HFMWeek as the best provider of trustee services, debt/loan administration and fund administration client service at the inaugural Alternative Credit Intelligence European Performance Awards in .

Alternative Credit Intelligence, a division of global hedge fund publisher and networking service HFMWeek, assembled a judging panel for the awards consisting of leading institutional and private investors, industry experts and its own representatives. was specifically recognised as:

  • Best Trustee Services (Overall) -
  • (Overall) - Trust Services
  • Best Administrator (Client Service) - Quintillion

has grown its securities services businesses - corporate trust and fund administration services - considerably in in recent years. In the corporate trust space, the bank entered the European market in 2010 and has since grown its client base and market share to become an established leader, maintaining the top position in the CLO market for three consecutive years. In the fund services space, the bank expanded in through its 2013 acquisition of hedge fund administrator Quintillion. Since the acquisition, Quintillion has grown its client base and increased its assets under administration by more than 40 percent.

'This recognition is meaningful because it stems from input by many of the firms that we serve here,' said , -based senior vice president of in . 'We've built our European corporate trust business based on feedback from clients and others in the industry. We strive to understand their needs, and we believe we have the right technology and people on board to sustain our growth in the years ahead.'

'Quintillion has been a leading fund servicing business of alternative investment funds in for many years. Our ownership by has benefitted our fund administration clients, as we leverage U.S. Bank's industry leading financial strength, global capabilities and ability to invest in our business. It enables us to tap into the bank's people, technology and compliance expertise. It's strengthened our competitive position and helped us become a more comprehensive service partner for our clients,' said , -based CEO of Quintillion.

Quintillion was also recently recognised as the best valuations service provider at HFMWeek's CTA Intelligence European Services Awards.

About Quintillion

Quintillion's principal service is the delivery of accurate and timely net asset values that have been independently calculated in a highly automated, integrated and controlled environment for an extensive range of investment strategies. Founded in 2006, Quintillion's expertise and leading technology are fortified by the financial strength of , the fifth largest commercial bank in and the parent company of both Quintillion and U.S. Bancorp Fund Services. Visit Quintillion on the web at www.quintillion.com.

About

(NYSE: USB), with in assets as of , is the parent company of , the fifth largest commercial bank in . The company operates 3,151 banking offices in 25 states and 5,001 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit on the web at usbank.com.

View source version on businesswire.com:http://www.businesswire.com/news/home/20151221005182/en/

Source:

U.S. Bank Corporate Communications
Pat Swanson, 816-871-2394
patrick.swanson@usbank.com
@usbank_news

U.S. Bancorp issued this content on 2015-12-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-21 08:08:02 UTC

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