Gunjan Kedia
Summary
Gunjan Kedia has led U.S. Bancorp as president and CEO since April 2025 and became chairman in April 2026. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=e5040c54-4502-4a52-9b3b-f67607b91370))
Biography
Kedia joined U.S. Bancorp in 2016 and became president in 2024 after serving as vice chair of Wealth, Corporate, Commercial and Institutional Banking. She became CEO on April 15, 2025, succeeding Andy Cecere, and was appointed chairman in 2026. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=e5040c54-4502-4a52-9b3b-f67607b91370)) Before joining U.S. Bancorp, Kedia led State Street Financial’s investment-servicing business in the Americas and held senior roles at Bank of New York Mellon. Earlier in her career, she was a partner and financial-services practice leader at McKinsey & Company and began her career at PwC. She earned an engineering degree with distinction from the Delhi School of Engineering and an MBA with distinction from Carnegie Mellon University. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=e5040c54-4502-4a52-9b3b-f67607b91370))
Notable achievements
- Became U.S. Bancorp’s first female CEO in April 2025. ([cmu.edu](https://www.cmu.edu/tepper/news/stories/2025/0129-gunjan-kedia-bancorp-ceo?utm_source=openai))
- Advanced through multiple senior leadership roles at U.S. Bancorp after joining the company in 2016, including leadership of its wealth, corporate, commercial and institutional businesses. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=e5040c54-4502-4a52-9b3b-f67607b91370))
- Oversaw the company’s revenue lines as president before becoming CEO. ([cmu.edu](https://www.cmu.edu/tepper/news/stories/2025/0129-gunjan-kedia-bancorp-ceo?utm_source=openai))
- Led the company’s 2026 agreement to acquire BTIG, intended to expand investment banking, institutional sales and trading, research and prime-brokerage capabilities. ([ir.usbank.com](https://ir.usbank.com/news-events/news/news-details/2026/U-S--Bancorp-to-Acquire-BTIG/default.aspx))
- Became chairman as part of a planned leadership transition following Andy Cecere’s retirement from the board. ([usbank.com](https://www.usbank.com/about-us-bank/news-and-stories/article-library/us-bancorp-appoints-gunjan-kedia-chairman-of-the-board-of-directors.html?utm_source=openai))
Problem areas / controversies
- Her tenure as CEO is still relatively short, so there is limited public evidence yet on her longer-term record of earnings, risk management and capital allocation. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=e5040c54-4502-4a52-9b3b-f67607b91370))
- U.S. Bank’s CFPB consent order over unauthorized consumer accounts and credit applications was terminated in August 2025 after the bank paid a $37.5 million penalty, issued consumer redress and completed required remediation; the matter was a company-level issue and was not publicly attributed to Kedia personally. ([consumerfinance.gov](https://www.consumerfinance.gov/enforcement/actions/us-bank-national-association/))
- The BTIG acquisition carries execution, integration, regulatory-approval and dilution risks, and the company disclosed that expected benefits may not be realized as planned. ([ir.usbank.com](https://ir.usbank.com/news-events/news/news-details/2026/U-S--Bancorp-to-Acquire-BTIG/default.aspx))