DUBLIN--(BUSINESS WIRE)--Quintillion Limited, the European-based affiliate of U.S. Bancorp Fund Services, LLC has named Linda Gorman chief executive officer. Based in Dublin, Gorman brings more than 20 years of leadership experience to support the firm’s global alternative investment services.
“Quintillion and the entire U.S. Bank organization are committed to helping our European-based clients achieve their goals,” said Joe Redwine, president for U.S. Bancorp Fund Services. “We’re proud to promote Linda, who has been essential to our growth in an evolving market, and we look forward to continuing to build upon our offerings and client service under her leadership.”
Gorman is a Quintillion founding member and since its inception in 2006 has served as chief operations officer, including operational risk and compliance. She succeeds Joan Kehoe who founded the organization and is supporting the transition. Gorman is a fellow of the Association of Chartered Certified Accountants and holds a certificate in Investment Management Research. Her appointment to CEO is subject to regulatory and board approval.
“I’m excited for the opportunity to lead our Quintillion team and expand our presence in the global fund services market,” said Gorman. “We are grateful for Joan’s leadership over the years in helping instill our client service -centric model, which is paramount to our growth in the years ahead.”
In 2013, U.S. Bancorp Fund Services acquired Quintillion, and at the time, the transaction added $18 billion in hedge fund assets under administration and more than 50 employees in Dublin to its existing alternative investment business. Since the acquisition, Quintillion has grown its client base and increased its assets under administration by more than 40 percent.
U.S. Bancorp Fund Services currently has over 1,345 associates with operational offices in Milwaukee, New Jersey, the Cayman Islands, London, and Dublin. With total assets of $941 billion, U.S. Bancorp Fund Services now has $104 billion in alternative investment assets.
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 U.S. Bank, the fifth largest commercial bank in the United States and the parent company of both Quintillion and U.S. Bancorp Fund Services. Visit Quintillion on the web at www.quintillion.com.
About U.S. Bancorp Fund Services
Headquartered in Milwaukee since 1969, U.S. Bancorp Fund Services, LLC provides single-source solutions to support a variety of investment strategies and products including mutual funds, alternative investments, open-end, closed-end, and exchange traded funds. The division currently services 540 fund families comprised of 3,593 portfolios, 5,145 fund classes, and 3.6 million shareholder accounts with $941 billion in client assets. U.S. Bancorp Fund Services is a subsidiary of U.S. Bank, the fifth largest commercial bank in the United States. Visit U.S. Bancorp Fund Services on the web at www.usbfs.com.
