Marc Ammaturo has been named head of distribution for the institutional OCIO practice at U.S. Bancorp Asset Management.
The OCIO practice is housed within U.S. Bancorp Asset Management's subsidiary, PFM Asset Management, said a Wednesday release.
A spokeswoman for U.S. Bancorp Asset Management said by email that this is a newly created role.
In this position, Mr. Ammaturo will support the firm's "strategy for consultant relations, as well as not-for-profit, corporate, public sector and Taft-Hartley clients," the release noted.
Based in Philadelphia, he reports to Jim Link, head of institutional OCIO.
Mr. Ammaturo was formerly a managing director at PFM Asset Management, which he joined in 2005.
As of June 30, U.S. Bancorp Asset Management had more than $166 billion in assets under management, according to the firm's website.
As of June 30, the OCIO business had $18.2 billion in discretionary assets under management, the spokeswoman added.