US Bank has named Anthony (Tony) Vuoto to the position of general manager of US Bank Retail Payment Solutions, which comprises consumer and small business credit, debit, prepaid and specialty card businesses, as well as its retail payments innovation unit.
He succeeds Pat Coll, who retired from U.S. Bank Retail Payment Solutions in September.
Vuoto, 58, brings more than 25 years of domestic and international financial experience to the position. He comes to U.S. Bank from Washington Mutual, now JP Morgan Chase, where he had been president of its card services division. Vuoto had been with Washington Mutual since its 2005 acquisition of Providian Financial, where he served as chief financial officer. His experience also includes 12 years in leadership positions with Citigroup, including president of its private label card business and general manager of its German credit card business.
"Tony brings tremendous depth and experience to this position, which is crucial at a time when our industry is experiencing a significant transition," said Pamela Joseph, vice chairman and head of U.S. Bancorp Payment Services. "U.S. Bank is uniquely positioned to grow its business - not only because we have emerged as one of the strongest financial institutions in the country, but also because our retail payments group is one of the finest in the industry, with the bench strength to continue to capitalize on market opportunities."
"This is a great opportunity to join a solid financial institution with its firm commitment to maintaining an industry leading position in retail payments. I look forward to working with Pam and the rest of the organization to continue its impressive performance," said Vuoto.
Vuoto currently lives in Pleasanton, Calif. with his wife, Maria. He has two sons currently attending college in Arizona. Vuoto earned a bachelor's degree in economics from Princeton University and an MBA from the University of Pennsylvania's Wharton School of Business.