Hail to the Chief.
Eric Thole has been named
president and chief executive of
US Bancorp Asset Management.
The 17-year company veteran
Joseph M. Ulrey III, who is retiring after 34-years with the firm.
US Bancorp Asset Management is a $56 billion asset manager which runs
five money market funds under the
First American Funds brand with a total AUM of $38.71 billion, most recently served as the firm's chief operating officer.
The US Bancorp. subsidiary
sold off its $80 billion long-term mutual fund business in the summer of 2010 to
Nuveen.
Before serving as COO, Thole held a number of other positions at the asset manager and at
First American Funds, including senior managing director, head of operations, technology and fund treasury. 
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