SunTrust Banks has bolstered its presence in US Northeast by launching a new private wealth management office in Boston.

The new office will be staffed by Rick Tesh, who serves as a client adviser in SunTrust Private Wealth Management’s Greensboro office.

Tesh, who specialises in offering investment, credit, insurance and capital markets solutions to wealthy families, will now move to Boston.

He will be supported by client adviser Daniel Larsen, who has expertise in business transition, retirement income and goals-based financial planning.

SunTrust Private Wealth Management head Joe Thompson said: “Establishing an office in Boston is an important step in our Northeast expansion, and builds on our wealth management presence in New York City and Greenwich.

“New England has a high concentration of affluent individuals and families who will benefit from our goals-based financial planning process, investment expertise and banking solutions, allowing them to make confident financial decisions.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In 2017, SunTrust opened a wealth management office in New York and hired Robert Weiss to spearhead its Northeast expansion.

Charles Swarns, who too works in the New York location, will head the Boston team.

Other wealth management offices of SunTrust are located in Houston, Dallas, Cincinnati, Cleveland and Los Angeles.

Weiss stated: “Our approach to serving clients, combined with a comprehensive wealth management platform, is resonating with wealth management professionals throughout the Northeast.

“We will continue to recruit talented individuals and teams throughout the region who share our culture, and want to join our expanding wealth management practice.”