News Releases

Back to News Releases

Maria Elena Lagomasino Named Chief Executive Officer, Asset Management Advisors LLC, Affiliate of SunTrust

Also Appointed: Michael Holden, Chief Operating Officer; Michael Zeuner, Chief Strategy and Innovation Officer

Founder, Hap Perry, Remains Chairman

Nov 16, 2005

Asset Management Advisors LLC (AMA) today announced that Maria Elena Lagomasino has been named Chief Executive Officer. Ms. Lagomasino was most recently Chairman and Chief Executive Officer of JP Morgan Private Bank, one of the largest private banks in the world. AMA, an affiliate of SunTrust Banks, Inc. , is a leading multi family office that provides independent advice to families of substantial wealth.

AMA also announced that Michael Holden and Michael Zeuner will be joining the firm as Chief Operating Officer and Chief Strategy and Innovation Officer respectively. Mr. Holden is the former Chief Operating Officer of JP Morgan Private Bank and Mr. Zeuner was Managing Director and Global Head of Wealth Solutions there.

Henry A. "Hap" Perry remains Chairman of AMA, a firm he founded in 1990, and will remain actively involved in the business.

"Maria Elena is a highly respected and experienced wealth management executive who brings an extraordinary breadth of talent to AMA," said Mr. Perry, Chairman of AMA. "Her leadership and dedication to advising clients, coupled with the demonstrated management abilities of Mike Holden and Michael Zeuner, will help us to continue building best practices and better solutions for AMA families," he said.

Ms. Lagomasino stated: "Over the course of my career I have been fortunate to work closely with a great number of the world's most successful families. What they value deeply from their wealth managers is independent, conflict free advice on the challenges of managing their wealth from a multi- generational perspective."

"Hap Perry and his team have built one of the country's leading providers of independent advice and solutions for ultra high net worth individuals and families. The driving force behind my decision to join AMA was its total dedication to partnering with client families to fulfill their visions for success across both their human and financial capital. AMA is a strong platform from which we can continue to grow domestically and globally," added Ms. Lagomasino.

On behalf of SunTrust, William H. Rogers, Jr., Corporate Executive Vice President, Wealth & Investment Management, said, "Maria Elena Lagomasino, Mike Holden and Michael Zeuner are very important additions to the AMA management team. We believe strongly in the promise of AMA and our continuing support for the firm and its independent approach is a key component in SunTrust's overall wealth management strategy."

"Families in the ultra high net worth category, those with more than $25 million in wealth, require the type of very specialized, advice-driven solutions that AMA is uniquely positioned to deliver," Mr. Rogers said.

About AMA

Asset Management Advisors, LLC, headquartered in Palm Beach Gardens, Florida, is one of the nation's leading multi-family offices. AMA, with nearly $8 billion in total client assets under advisement, has 200 professionals and 9 family offices located across the country, representing 300 multi-generational client relationships. AMA's Internet address is

About SunTrust

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of September 30, 2005, SunTrust had total assets of $172.4 billion and total deposits of $113.7 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services. SunTrust's Internet address is

SOURCE: SunTrust

CONTACT: Judy Martel, AMA-Palm Beach, +1-407-581-6917, or Sally Cates,
AMA-New York, +1-914-671-5478; or Barry Koling of SunTrust, +1-404-230-5268