U.S. Bank expands ETF leadership team
10 November 2026 US
Image: ASDF/stock.adobe.com
U.S. Bank has expanded its global ETF leadership team by promoting Josh Jacobs to global head of ETFs and appointing ETF industry veteran Paul DeSalvo as head of ETF Sales.
The appointments come as U.S. Bank says it continues to gain momentum in the ETF market.
Jacobs joined U.S. Bank in 2023 after leaving J.P. Morgan and has played a key role in expanding the bank’s ETF platform and client relationships.
As global head of ETFs, he is responsible for the overall growth strategy and leadership of the business across the U.S. and Europe.
DeSalvo joins U.S. Bank after 18 years at J.P. Morgan, where he most recently served as executive director and head of ETF Sales.
In his role, DeSalvo will be responsible for growing U.S. Bank’s ETF business by winning new ETF issuer clients, deepening existing client relationships, and helping clients bring new ETF products to market.
Earlier in his career, he held leadership, strategy and relationship management roles spanning global asset management, investment banking, risk management, and investment solutions.
Alan Flanagan, head of Global Investment Services at U.S. Bank, says: “The ETF industry continues to evolve rapidly, creating opportunities for issuers that have the right strategic partners.
“Paul brings deep ETF expertise, trusted industry relationships, and a strong track record of helping issuers grow and innovate. His addition reflects our commitment to investing in talent and capabilities that help our clients succeed.”
Jacobs adds: “ETF issuers are looking for partners that can support them from fund launch through long-term growth. Paul’s strong industry experience and client-focused approach will help us continue building on our momentum and delivering exceptional service to issuers around the world.”
The appointments come as U.S. Bank says it continues to gain momentum in the ETF market.
Jacobs joined U.S. Bank in 2023 after leaving J.P. Morgan and has played a key role in expanding the bank’s ETF platform and client relationships.
As global head of ETFs, he is responsible for the overall growth strategy and leadership of the business across the U.S. and Europe.
DeSalvo joins U.S. Bank after 18 years at J.P. Morgan, where he most recently served as executive director and head of ETF Sales.
In his role, DeSalvo will be responsible for growing U.S. Bank’s ETF business by winning new ETF issuer clients, deepening existing client relationships, and helping clients bring new ETF products to market.
Earlier in his career, he held leadership, strategy and relationship management roles spanning global asset management, investment banking, risk management, and investment solutions.
Alan Flanagan, head of Global Investment Services at U.S. Bank, says: “The ETF industry continues to evolve rapidly, creating opportunities for issuers that have the right strategic partners.
“Paul brings deep ETF expertise, trusted industry relationships, and a strong track record of helping issuers grow and innovate. His addition reflects our commitment to investing in talent and capabilities that help our clients succeed.”
Jacobs adds: “ETF issuers are looking for partners that can support them from fund launch through long-term growth. Paul’s strong industry experience and client-focused approach will help us continue building on our momentum and delivering exceptional service to issuers around the world.”
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