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GenSpring Taps New Boss in Costa Mesa

GenSpring Family Offices LLC, an affiliate of Atlanta-based SunTrust Banks Inc., has tapped private banking industry veteran Chris Walters to head its western U.S. business from its regional headquarters in Orange County.

Walters, whose role as managing director began this month, is based in Costa Mesa and oversees GenSpring’s Los Angeles and San Francisco offices.

Jupiter, Fla.-based GenSpring overall has about $13 billion in assets under advisement, and was ranked No. 17 on the latest Bloomberg list of the largest family offices in the world. GenSpring declined to give a break down of client assets on a regional basis.

Walters previously held executive roles at Roseville-based Rabobank N.A., where he headed its private banking and asset management businesses, among others, and at Citizens Business Bank in Ontario.

Walters succeeds Patricia Soldano, who retired late last year and continues with GenSpring in a consulting role.

Soldano founded Cymric Family Office Services in 1987 in Costa Mesa as a single-family office and expanded it to a multifamily office before selling it to GenSpring in 2008.

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