U.S. Bank closes $1B BTIG deal, starts integration
U.S. Bancorp closed its $1 billion purchase of boutique investment bank BTIG on June 1 and has begun integrating the firm into its global capital markets business.[1]
The acquisition brings institutional equity sales and trading, equity capital markets, equity research, prime brokerage and M&A advisory into U.S. Bank's global capital markets business.[1] BTIG generated roughly $750 million in fee-based revenue last year, serves more than 7,500 institutional and corporate clients, and has over 700 employees across 20 offices worldwide.[1] Anton LeRoy will remain CEO of BTIG and will report to U.S. Bank executive Stephen Philipson.[1] U.S. Bank says BTIG's M&A advisory pipeline is the largest in the firm's history by both deal count and expected fees.[1]
BTIG's scale and client base gave U.S. Bank immediate access to expanded equities and advisory capabilities across key markets.[1] U.S. Bank said integration work is underway to fold BTIG into its global capital markets operations and to align leadership and client coverage under the new structure.[1]
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📌 Key Facts
- U.S. Bancorp closed its $1 billion acquisition of BTIG on June 1, 2026.
- The deal adds institutional equity sales and trading, equity capital markets, equity research, prime brokerage and M&A advisory to U.S. Bank’s global capital markets business.
- BTIG generated roughly $750 million in fee-based revenue last year, serves more than 7,500 institutional and corporate clients, and has over 700 employees across 20 offices worldwide.
- BTIG CEO Anton LeRoy remains in charge of BTIG and now reports to U.S. Bank executive Stephen Philipson.
- U.S. Bank says BTIG’s M&A advisory pipeline is currently the largest in its history by both deal count and expected fees.
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