U.S. Bancorp announced that it has completed its acquisition of BTIG, effective June 1, 2026, adding a range of institutional capital markets capabilities that strengthen the company’s offerings for corporate and institutional clients.
BTIG’s platform includes institutional equity sales and trading, equity capital markets, equity electronic trading, mergers and acquisitions advisory, investment banking, research, and prime brokerage services. Founded in 2005, BTIG has grown into one of the top 10 U.S. brokers for high-touch equity trading volume and has participated in more than 1,350 announced investment banking transactions since 2015.
The acquisition is expected to enhance U.S. Bancorp’s capital markets franchise by expanding its ability to serve clients across a broader range of financing, advisory, and trading needs. The company said the transaction builds on its momentum in capital markets while adding highly complementary expertise and relationships.
BTIG will continue operating as a separate broker-dealer within U.S. Bancorp. Anton LeRoy will remain chief executive officer of BTIG and report to Stephen Philipson, vice chair and head of Wealth, Corporate, Commercial and Institutional Banking at U.S. Bancorp. BTIG co-founder and Executive Chairman Steven Starker will continue his day-to-day role working with the firm’s largest institutional and corporate clients while driving business development efforts across the organization.
KEY QUOTES:
“Today, we welcome the talented BTIG team to U.S. Bancorp. Our teams are energized to get started and begin working together, combining deep market expertise with the strength of our broader franchise to create more opportunities for the firms and institutions we serve.”
Gunjan Kedia, Chairman Of The Board And Chief Executive Officer, U.S. Bancorp
“We have been looking forward to this moment. BTIG adds highly complementary capabilities to our capital markets platform, strengthening our ability to serve corporate and institutional clients. Together, we are better positioned to meet a broader range of client needs and build on our strong capital markets momentum.”
Stephen Philipson, Vice Chair And Head Of Wealth, Corporate, Commercial And Institutional Banking, U.S. Bancorp
“Joining U.S. Bancorp marks an important next chapter for BTIG and our clients. We share a strong cultural alignment and long history of collaboration. This combination allows us to deepen client relationships while continuing to deliver the high-touch service our clients expect, supported by the scale and resources of a larger, diversified financial institution.”
Anton LeRoy, Chief Executive Officer, BTIG
