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SunTrust expands private wealth management business to New York City

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SunTrust Banks is establishing a Private Wealth Management office in New York City. Robert Weiss, a 25-year veteran of the wealth management industry, will lead the Northeast Division of SunTrust Private Wealth Management.

Weiss is joined by four wealth management professionals who are based in the bank’s Rockefeller Center office.
 
The establishment of a wealth management office in New York City builds on previous success SunTrust has had in the tristate area. SunTrust Robinson Humphrey already serves businesses in the region, and GenSpring Family Offices – the family office segment of SunTrust Private Wealth Management – currently focuses on ultra-high net worth individuals and families.
 
“New York City has a combination of prospective clients, SunTrust resources and industry talent that make it an attractive market for our business,” says Joe Thompson, head of SunTrust Private Wealth Management. “Robert Weiss is building an experienced team of wealth management professionals that will expand throughout the tristate area and partner with our corporate and investment banking teammates in New York City to serve the broad needs of clients. We will continue to invest in proven talent throughout the region to help individuals make confident financial decisions so they can enjoy the moments in life that matter.”
 
Previously, Weiss served as a senior executive with JP Morgan, providing advice across a wide range of issues as part of the firm’s asset growth strategy. He also served as managing director and market president for a team serving clients throughout the tristate area. Previously, Weiss served as managing director for Bernstein, based in the Greater New York area.

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