Kristy Carstensen takes over as head of global treasury management at US Bank

MINNEAPOLIS–(BUSINESS WIRE)– US Bank announced Kristy Carstensen as the new head of its Global Treasury Management business. In this position, Carstensen leads the unit that provides comprehensive treasury management and payment solutions to the bank’s commercial, government and institutional clients. In addition to global treasury management, Carstensen will also oversee the bank’s prepaid card organization.

“Kristy’s leadership has been instrumental in helping us continually improve the payments experience for our customers and their customers,” said Shailesh Kotwal, vice chairman of payments services at US Bank. “Global Treasury Management is at the heart of our efforts to deliver connected banking and payments solutions to help our customers operate more efficiently. Kristy is well-positioned to take this forward.”

Carstensen has held many leadership positions in her 13-year career at a U.S. bank, including as CFO of Payment Services, one of the bank’s three main revenue lines. Earlier this year, she was named one of American Banker’s Most Influential Women in Payments for the fifth time.

“The payments industry is at a pivotal moment. “The customers we serve are all in the midst of major change and are looking for payment technology and innovation to enable efficient, simple, secure and seamless payment processing to and from customers, employees and suppliers,” said Carstensen. “We will work every day to ensure we advise our customers and provide them with the solutions they need to increase efficiency, reduce risk and improve experiences across the entire payment process.”

US Bank Global Treasury Management offers a comprehensive range of products and services to optimize payments and cash flows, improve reporting and liquidity, reduce risk and serve customers on their own terms. As a leader in instant payments, US Bank was part of the first payment on the RTP Network® and launch partner of the FedNow® service. The bank’s accounts payable products help customers send payments in a way that reduces administrative costs and controls expenses. The receivables products process payments and simplify operations through automation to access funds faster.

Through US Bank

US Bancorp is the parent company of the US Bank National Association, with more than 70,000 employees and $686 billion in assets as of September 30, 2024. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified business mix, including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. US Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the World’s Most Ethical Companies 2024 and Fortune’s Most Admired National Bank. Learn more at usbank.com/about

Source: US Bancorp