US bank appoints Tendayi Kapfidze as head of economic analysis

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MINNEAPOLIS – (COMMERCIAL THREAD) – US Bank today announced that it has appointed Tendayi Kapfidze as the new head of economic analysis.

In this role, Kapfidze will draw on the existing economic research capacities of the US Bank supporting our businesses in direct contact with clients as well as on the analysis of economic scenarios supporting, among other things, balance sheet management activities. cash flow, CCAR stress tests and CECL modeling processes.

Kapfidze, 43, was most recently chief economist at Lending Tree. While there, he was responsible for analyzing the US economy with a focus on housing and mortgage trends. He frequently helps consumers understand the economy through media appearances and interviews in media outlets such as The New York Times, The Wall Street Journal, USA Today, Yahoo Finance, and CNBC. He previously held senior economist positions at Pfizer, Ally Financial and Bank of America.

“Tendayi has great expertise and a solid background in macroeconomic and financial analysis,” said Jennifer Thompson, executive vice president, investor relations and economic analysis. “We are delighted to have him at US Bank and to continue to build on the foundation we have in place. ”

Kapfidze holds a bachelor’s degree in engineering management from the University of Saint Louis and a master’s degree in applied economics from Johns Hopkins University.

About the American Bank

US Bancorp, with nearly 70,000 employees and $ 553 billion in assets as of March 31, 2021, is the parent company of the US Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diverse mix of activities: personal and business banking; Payment services; Banking services for businesses and businesses; and Wealth and Investment Management Services. The company has been recognized for its approach to digital innovation, social responsibility and customer service, including being named one of the World’s Most Ethical Companies in 2021 and Fortune’s Most Admired Super-Regional Bank. Learn more about usbank.com/about.

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