Minneapolis-based U.S. Bank NA appointed Stephen Philipson head of fixed income and capital markets, effective immediately.

Philipson joined the U.S. Bancorp unit in 2009 and recently was head of credit and municipal fixed income.

Douglas Fink and James Whang will replace Philipson as co-heads of credit and municipal fixed income. Fink was the head of debt capital markets, while Whang was the head of credit and municipal fixed income sales and trading.