Head of U.S. Bank Wealth
“It’s important to show up in ways in which you want to be seen.”
Karen Wimbish developed a strong sense of personal values from her parents — two people she says she admires most and who have had the greatest influence in her life. “My mother was a nurse and my father an engineer. They chose family over wealth. Together, they raised six children and instilled in us important financial attitudes that I carry with me to this day. Among them: ‘prudent needs are more important than wants’ and ‘where you stand is just as important as what you stand for.’”
Karen’s mother was the first woman in her family to go to college. She taught Karen what it’s like to be both resilient and compassionate. And she gave Karen what turned out to be a life-long gift — a knack for helping others feel confident about their decisions.
Today, Karen is head of Wealth Management Products for U.S. Bank, where she leads teams with responsibilities for investment and banking product offerings, planning platforms and product technology across all areas of U.S. Bank Wealth Management. Her work spans product development and management, including strategy, pricing and product profitability, process management and market support. Her experience in retirement and financial planning strategies is extensive, and she applies this knowledge in many different contexts — frequently in ways that help women in particular.
Karen is one of U.S. Bank’s top spokespersons when it comes to women and retirement. She is also an active coach and mentor.
Before joining U.S. Bank, Karen was an executive vice president and head of a retail retirement group at one of America’s largest banks. There, she led the retirement services strategy for retail customers, including retirement products, services and sales. Before that, she was president of a Latin American advisory group for that same bank. Prior to that, she held a number of senior level positions in the investment management field, including chief administrative officer, managing director and chief operating officer.
Karen believes that it’s “important to take time to think — to decide what you want to do, and then move in a direction that takes you where you want to go.” She has always had that perspective.
Karen’s first job out of school involved three challenging summers at NASA where she applied her math skills to computer programming. Despite the challenges and the appeal of working in America’s Space Agency, she knew that numbers alone were not enough to hold her attention. She needed to work closely with both numbers and people. When a job opportunity opened up in banking, she acted fast and has never looked back.
“I’ve been very fortunate to cross over in my career from commercial banking to investment management and financial advisory, and now I’m at U.S. Bank where I lead Wealth Management products. It’s very gratifying.”
Education and community involvement