U.S. Bank, a subsidiary of U.S. Bancorp, has appointed Gunjan Kedia as vice chairman of its wealth management and securities services division.

Kedia, who has over two decades of experience in financial services industry, will report to U.S. Bank president and COO Andy Cecere.

Most recently, she served as executive vice president and management committee member at State Street, where she led the core investment servicing business in the Americas.

She also served as an executive vice president at Bank of New York Mellon, a partner at McKinsey & Company, and an associate at PricewaterhouseCoopers.

Commenting on the appointment, Cecere said: “Our Wealth Management & Securities Services businesses are important components of our diversified business model. Wealth Management is steadily growing as Americans focus on their retirement readiness. In addition, we have leadership positions in all of our Securities Services market segments, giving us a competitive stronghold.

“We are thrilled to add Gunjan to our management team. She is a forward-thinking leader with a deep understanding of the banking and asset management industries. We are confident that she will lead us into the next generation of growth with these businesses.”