Timothy A. Welsh
Vice Chairman, Consumer Banking Sales and Support, U.S. Bank

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​Tim Welsh is vice chairman of Consumer and Business Banking for U.S. Bancorp. In this role, Tim oversees the company’s overall consumer and small business strategy and product management functions, branch network, mortgage, and all consumer lending.
Prior to joining U.S. Bancorp in 2017, Tim spent more than 26 years at McKinsey & Co., specializing in financial services globally and the consumer experience. He also led McKinsey’s global Learning and Development function, as well as co-led the firm’s People Strategy.
 
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.
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In addition, Tim is active on many non-profit Boards in the Minneapolis-St. Paul community. He is currently the board chair for the Greater Twin Cities United Way, president of the board of trustees at St. Paul Academy and Summit School, and chair of the board for Greater MSP, and is a member of the Boards of the GHR Foundation, the Minnesota Orchestra and Commonweal Magazine. He is also a Board member of Allina Health, a $4 billion non-profit healthcare system in Minnesota, and Memphis Meats, a start-up company that is growing meat from animal cells.
 
Tim holds a master of business administration degree with distinction from Harvard Business School and a bachelor’s degree magna cum laude in social studies from Harvard University.