U.S. Bancorp has agreed to acquire a global financial services company named BTIG, LLC through a definitive agreement as part of its strategy to beef up its product line offered on a markets platform. This acquisition marks a bolt-on purchase by U.S. Bancorp as a result of which the company can offer its customers additional strengths such as institutional equity sales and trading services, equity capital markets products, online trading solutions, as well as M&A advisory services apart from its growing capital markets operations.
Also Read: Catalio Closes Oversubscribed $325M Credit Fund to Fuel Growth-Stage Healthcare Innovation
“BTIG’s top talent, capabilities and technology will position us for continued capital markets growth and deeper client relationships,” said U.S. Bancorp CEO Gunjan Kedia. BTIG CEO Anton LeRoy added, “With a long history of successful collaboration, we are thrilled to join U.S. Bancorp as a means of increasing our collective impact with institutional and corporate clients.” BTIG’s leadership team will remain in place post-acquisition, ensuring continuity while leveraging U.S. Bancorp’s scale, robust financial platform, and extensive product portfolio to drive future growth and deliver greater value to clients globally.
