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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