IBOS member US Bank has announced that it has made a strategic equity investment in Lumint, a company that provides currency management services to institutional investors.

Earlier this year, US Bank launched a new passive currency hedging service powered by Lumint’s industry-leading technology. As a result, this new investment strengthens the Bank’s relationship with Lumint.

The new US Bank Global Currency Management solution offers institutional investors a highly automated and scalable solution for portfolio and share class currency hedging. It will allow them to enjoy full performance of their assets and protect their overall investment from FX volatility.

Read the full press release via US Bank here.