Sunday May 31, 2020

US Bancorp to buy Dublin-based Quintillion

US Bancorp has agreed to aquire Dublin-based hedge-fund administrator Quintillion, it said in a statement today without disclosing the terms of the deal.

20th November, 2013

US Bancorp has agreed to acquire Dublin-based hedge-fund administrator Quintillion, it said in a statement today without disclosing the terms of the deal.

The largest regional lender in the US said today in a statement that the purchase will add $18 billion in hedge-fund assets under administration and 53 employees to its fund-services unit, the Minneapolis-based company said.

That division will have about 1,100 workers and $832 billion in assets after the deal, according to the statement.

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