U.S. Bank announced Kristy Carstensen as the new leader of its Global Treasury Management business. In this position, Carstensen heads the unit that provides comprehensive treasury management and payment solutions to the bank’s business, 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 our ability to continually improve the payment experience for our clients and their customers,” said Shailesh Kotwal, vice chair of Payment Services, U.S. Bank. “Global Treasury Management is at the center of our efforts to deliver interconnected banking and payment solutions to help our clients operate more efficiently. Kristy is well-positioned to drive this forward.”

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

“The payments industry is at a pivotal moment. The clients we serve are all in the midst of major transformation and are looking for payment technology and innovation to deliver efficient, simple, secure and seamless payment execution to and from customers, employees and vendors,” said Carstensen. “We’re going to work every day to make sure we are consulting with our clients and delivering the solutions they need to elevate efficiency, reduce risk and improve experiences throughout the payments process.”