U.S. Bank announced that it has united its Global Fund Services and Global Corporate Trust teams into a single Investment Services division led by Jay Martin. As president of Investment Services, Martin leads a global team that offers customized services to middle market, large corporate, government and institutional clients, including fund administration, custody, investor servicing, trustee services and corporate escrow. Martin has led Global Fund Services since joining the bank in 2023. Stephen Philipson, vice chair of Wealth, Corporate, Commercial and Institutional Banking, said, “We have the No. 1 market share in the Corporate Trust markets we serve, and our Fund Services business is thriving, with a steady drumbeat of new and enhanced capabilities to meet the evolving needs of clients. Bringing these two businesses together under a single leader will allow our clients to benefit from our combined scale, investments and more interconnected approach to serving them.”