U.S. Bank Corporate Trust Services hired Joseph Giordano as senior vice president and manager of its CDO business.

The new hire reports to Bryan Calder, president of the firm. Giordano will manage the CDO business of U.S. Bank in Boston, New York and Charlotte. He is working at the bank’s Boston office.

Previously, Giordano was an executive vice president at  Fidelity Investments  and a managing director at both JPMorgan Chase and Bankers Trust.

"U.S. Bank continues to make investments in the corporate trust business and we are beginning to see increasing opportunities in the CDO markets,” said Terrance Dolan, vice chairman of
U.S. Bank’s wealth management and securities services division.

“U.S. Bank is excited to have a person with Joe’s knowledge and experiences join our team,”  Calder said. “Joe provides a deep understanding of the market and senior leadership which will allow us to capitalize on those growing market opportunities. He has more than 30 years of experience in corporate trust and the financial services industry, having managed financial services business for Bankers Trust, JPMorgan Chase, and most recently, Fidelity Investments.”

U.S. Bank Corporate Trust Services is a provider of trustee services with over $2.1 trillion in assets under administration in ABS. municipal, corporate, and international bonds. Additionally, it provides paying agent, escrow agent and document collateral services via its network of 47 offices nationwide.

U.S. Bancorp, which has $283 billion in assets as of June 30, is the parent company of U.S. Bank, the fifth largest commercial bank in the U.S. The company operates 3,002 banking offices in 24 states, offering a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

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