U.S. Bank Names Capital Markets Blockchain Lead
Posted by Colin Lambert. Last updated: September 28, 2022
U.S. Bank has announced the creation of a new position focused on helping the bank utilise emerging blockchain technologies to improve efficiencies in its capital markets business and provide Corporate & Commercial Banking clients with new product solutions and blockchain advisory services.
Milena Kohlhofer was named capital markets blockchain lead at U.S. Bank after a decade at Citi, where she helped lead digital assets initiatives and strategic investments for the Citi Markets business.
As an enterprise, U.S. Bank says it has been working with blockchain technology for the last six years, primarily in the context of exploring and experimenting how the technology could create new opportunities and efficiencies across the company.
“Our Corporate & Commercial Banking clients rely on us to be a trusted advisor on new and emerging finance solutions that can propel their businesses forward,” says Marcus Martin, managing director and head of ESG for commercial products, U.S. Bank. “Many of these innovations will be in the blockchain space, which is why we brought in one of the leading experts in how banks can deliver blockchain solutions for businesses. Milena will be a key player in our efforts to harness the potential of blockchain to create more value for our clients.”
Kohlhofer will focus on advising the bank’s clients on blockchain infrastructure, product development, and the blockchain regulatory landscape. A part of the bank’s Commercial Products group, she’ll also lead the strategic development of core blockchain capabilities to support a variety of use cases across the capital markets business. In addition, Kohlhofer will also identify additional FinTech companies to collaborate with on blockchain solutions.