Firstar Corp.’s purchase of U.S. Bancorp, scheduled to take place in the first quarter, would create the nation’s seventh-ranked asset management firm, with nearly $130 billion under management.

But to Thomas Schreier, recently named chief executive officer of the merged company’s asset management division, $130 billion is a starting point.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.