Tim Welsh

Vice Chair of Consumer and Business Banking, U.S. Bancorp

Tim Welsh is vice chair of Consumer and Business Banking for U.S. Bancorp. In this role, Tim oversees the company’s largest grouping of business lines, covering a wide array of services and products that help us become central to the financial lives of our consumer and small business customers, including branches and business banking along with a variety of consumer lending and servicing operations, such as mortgage, auto lending and dealer services. Prior to joining U.S. Bancorp, Tim spent more than 26 years at McKinsey & Co., where he most recently served as a senior partner specializing in financial services and the consumer experience. He also led McKinsey’s global learning and development function and co-led the firm’s people strategy. Tim holds a masters of business administration with distinction from Harvard Business School and a bachelor’s degree magna cum laude in social studies from Harvard University. In addition, Tim is a founder of the Itasca Project, a dedicated team of business, government and not-for-profit leaders who are working to improve the quality of life in Minneapolis and St. Paul. He is also active on many non-profit boards in the Minneapolis-St. Paul community, including the Greater Twin Cities United Way, Minnesota Orchestra, Minneapolis Institute of Art and The Constellation Fund, among others. Tim is on the boards of Allina Health, a $4 billion non-profit healthcare system, and Upside FOODs, a start-up company Fortune Magazine has called “the hottest tech in Silicon Valley.”

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