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Rating:Thole Takes Charge of U.S. Bancorp's Asset Arm Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 25, 2014

Thole Takes Charge of U.S. Bancorp's Asset Arm

Reported by Tommy Fernandez

Hail to the Chief.

Eric Thole has been named president and chief executive of US Bancorp Asset Management.

The 17-year company veteran Joseph M. Ulrey III, who is retiring after 34-years with the firm.

US Bancorp Asset Management is a $56 billion asset manager which runs five money market funds under the First American Funds brand with a total AUM of $38.71 billion, most recently served as the firm's chief operating officer.

The US Bancorp. subsidiary sold off its $80 billion long-term mutual fund business in the summer of 2010 to Nuveen.

Before serving as COO, Thole held a number of other positions at the asset manager and at First American Funds, including senior managing director, head of operations, technology and fund treasury. 

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