Asset Management Advisors Taps Ken Russell to Head Greenwich Office

PALM BEACH, Fla., Jan. 2 /PRNewswire/ -- Kenneth R. Russell, Jr. has been appointed president of the Greenwich, CT office of Asset Management Advisors (AMA), a multi-family office and affiliate of SunTrust Banks, Inc. . Russell, formerly director of the New England Region of Citigroup Private Bank, assumes the post previously held by Elizabeth Mathieu, who, effective today, will be relocating to the AMA executive office in New York to address the development and implementation of national strategy. She will continue to report to Michael Zeuner, chief strategy officer for the firm.

"We welcome Ken to the AMA family and look forward to his many contributions to the families we serve," commented Maria Elena Lagomasino, chief executive officer of AMA. "His broad knowledge of the Connecticut market will be a tremendous asset in helping to attract new clients to our growing family office business."

As president of the AMA office in Greenwich, Russell will be responsible for management of the quality of service to existing families, as well as the expansion of the office and the offering of AMA's unique wealth management process. Ralph Wyman will continue as chairman of AMA's Greenwich office.

Russell's previous positions include senior posts with JP Morgan Chase & Company, Webster Financial Corporation, The Chase Manhattan Corporation, People's Bank and Irving Trust Company. He received his B.A. in Economics from Rutgers College and his M.B.A. in Finance from New York University's Stern School of Business.

AMA is a multi-family office that delivers customized, objective wealth management solutions for high net worth individuals and their families. AMA offers a business model that is completely aligned with the interests of the families it serves. The firm works with each family it serves in order to organize its wealth as a family enterprise and help each family organize, invest, plan, and structure their capital to ensure that their success endures across generations.

AMA was founded in 1989 and is headquartered in Palm Beach, FL. Asset Management Advisors maintains local offices in Palm Beach, Miami, Sarasota, Tampa Bay and Orlando, FL., Atlanta, Charlotte, Washington, D.C. and New York, in addition to its Greenwich office. The company's Internet address is http://www.amaglobal.com/.

Sun Trust Banks, Inc., headquartered in Atlanta, is one of the nation's largest commercial banking organizations. 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. Sun Trust's Internet address is http://www.suntrust.com/.

CONTACT: Fred Bona, The Dilenschneider Group 973-331-9850