GenSpring Family Offices, a US wealth management firm for ultra high net worth families, has hired Phoebe Venable as a family investment officer based in Nashville, Tennessee.

In her new role Ms Venable will oversee investment policy, asset allocation and portfolio construction for families based in Tennessee – an area that GenSpring considers to have a growing wealth management market.

Ms Venable joins GenSpring from SunTrust Banks where she was most recently a member of the Nashville-based wealth and investment management leadership team, having previously been a private client advisor.

Last month, GenSpring, which is an affiliate of SunTrust Banks, bought Denver-based Epic Advisors, on undisclosed terms.

Epic is a prominent multi-family office with client families in 11 states. The combined firm, headquartered in Palm Beach, Florida, will have more than $17 billion in assets under advisement as a result of the acquisition.