MINNEAPOLIS—US Bank has just hired industry veteran Rex Rudy to head its commercial real estate division, succeeding Joe Hoesley, who retired in March. Rudy was most recently managing director and group head of real estate investment trust finance at Wells Fargo and has more than 20 years of experience in the industry.
“Rex is an experienced commercial real estate banker with strong leadership skills and a proven record of driving growth,” says Richard Payne, vice chairman and head of US Bank's wholesale banking division. “We're pleased for him to join US Bank. We also congratulate Joe on his retirement and thank him for his 22-year career at US Bank during which time he built our CRE division into a strong, national franchise.”
As division head, Rudy will oversee 350 employees in the bank's 24 commercial real estate offices across the country. The division focuses on establishing long-term relationships with commercial real estate developers, REITs, and commercial property owners located across the US.
“I am honored to join the US Bank team with its world-class franchise and industry-leading reputation and performance,” Rudy says. “US Bank has a long history in commercial real estate supported by a disciplined approach and focus on supporting our clients.”
Rudy will be based in Charlotte, a market where the bank now employs 350 people, nearly double what it did in 2008. The expansion is largely the result of growth in the bank's wholesale banking, corporate trust and compliance divisions, bank officials say.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.