U.S. Bank announced that strategy and marketing executive Kai Sakstrup has been named chief product officer for its Wealth, Corporate, Commercial and Institutional Banking (WCIB) division. Beginning Oct. 1, Sakstrup will lead a cross-functional team in developing and creating new products across the WCIB organization to better serve wealth and institutional clients, commercial businesses and corporations. He also will be responsible for creating the strategy and roadmap for a wide variety of WCIB products and the infrastructure needed to support them.
Sakstrup previously served as chief strategy officer for U.S. Bank for more than six years and as acting chief marketing officer since last summer. He joined U.S. Bank in 2015 as senior vice president of corporate strategy. Prior to joining U.S. Bank, Sakstrup worked at Ameriprise Financial for seven years, at Kelton as chief financial officer and chief operating officer, and at Bain & Company as a consultant. He has a bachelor’s degree in Business Administration from the University of Wisconsin-Madison and an MBA from Northwestern University. He is based in Minneapolis.
“We are excited to have a leader with such impressive and relevant experience join our leadership team,” said Gunjan Kedia, vice chair, Wealth, Corporate, Commercial and Institutional Banking. “In the last eight years, Kai has enhanced and elevated our strategic planning efforts, provided exceptional leadership, and led our marketing and analytics function, helping us better serve clients and their corporate finance and wealth needs. He has been core to our product model development, allowing us to deliver innovative products, and will be a great addition to the WCIB team.”
Sakstrup said, “U.S. Bank has a long history of offering products and solutions that help our clients manage a wide variety of needs, from corporate and commercial loans and deposits to wealth planning to investment services. I’m looking forward to continuing that spirit of innovation and exceptional service for WCIB clients.”