GlobalBridge, a Minneapolis managed account provider, has hired a former U.S. Bancorp Piper Jaffray executive as president in an effort to expand distribution through community banks and small community trust companies. Ross Rogers, the former president of U.S. Bancorp Piper Jaffray's private advisory services business, is now president and principal of the firm.

"We think there is a tremendous opportunity with community banks and small trust companies. We are happy to private-label a product for banks," Rogers said.

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