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Kubilus is an experienced senior executive who brings more than 20 years of experience in the financial services industry. Most recently, Kubilus was global head of business development, client management and marketing at Maitland. Prior to that, he was head of business development and marketing for State Street Luxembourg.

"Our team continues to grow as we develop and enhance our product offerings for a growing global fund services market. David has extensive product and business development expertise and understands the needs and demands of both the U.S. and European markets. Adding an experienced and tenured professional like David is tremendous for both our team and our global client base. We are thrilled to welcome him to U.S. Bank," said Luxembourg Country Head Didier Delvaux.

Kubilus said, "Europe is a key growth area for our Global Fund Services business line. U.S. Bank's commitment to providing the highest level of client service, combined with their financial strength, positions us extremely well for future growth. I'm excited to work with our team to expand our brand, globally, and drive new business opportunities."

Kubilus holds a bachelor's degree from the University of Maryland and an MBA from Boston University.

U.S. Bank has had a presence in Europe for more than 14 years and has 10 offices housing more than 2,800 employees. U.S. Bank's investment services division has more than $8.2 trillion in assets under custody and administration, globally. In addition to offering alternative investment and fund administration services, they also offer investment services products such as custody, full depositary and global corporate trust products, including structured finance, conventional debt and collateralized loan obligations.