GenSpring appoints a new head for New York office

FWR Staff

17 March 2008

Multifamily office hires Bruce Arella and a pair of Goldman wealth managers. GenSpring Family Offices has appointed Bruce Arella, formerly head of manager research at fund-of-fund manager Orion Capital Management, as head of its New York office. The Palm Beach Gardens, Fla.-based multifamily office has also added former Goldman Sachs wealth managers Marcia Lyons Wilson and Felicia Yieh to its staff in the Big Apple.

Arella replaces James McCarthy, who joined GenSpring -- or Asset Management Advisors as it was then called -- when it opened its New York office in mid 2006. McCarthy remains with GenSpring's New York office in a business-development role.

Wilson and Yieh fill new positions.

Growth and opportunity

"Bruce, Marcia and Felicia are outstanding professionals with tremendous experience and we're fortunate to have them join us, especially during this period of significant growth and opportunity for our firm in New York and nationally," says GenSpring's CEO Maria Elena Lagomasino. "Their extensive experience will hugely benefit our clients and our firm."

Arella directed hedge-fund manager research at New York-based Orion and served on the firm's investment committee. Earlier he was a portfolio manager at Ardent Fund Management, which he co-founded, and a co-head trader at Standard & Poor's Securities (now part of Bank of New York Mellon).

Wilson, now a "wealth-management strategist" with Genspring in New York, was an advisor with Goldman's Private Wealth Management Group, where she worked with high-net-worth individuals, families, family offices and endowments. She has also worked at the U.S. Trust (now part of Bank of America), Citigroup, Swiss Bank Corporation (now part of UBS) and Manufacturers Hanover Trust (now part of JPMorgan Chase).

Yieh also joins GenSpring's New York office as a wealth advisor from Goldman's wealth-management group. Her resume also includes U.S. Trust, Citi Private Bank, the private-banking unit of Chemical Bank (now part of JPMorgan Chase) and Bank of America.

Genspring is a subsidiary of Atlanta-based SunTrust Banks. It advises its clients on total assets of nearly $15 billion. -FWR

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