SunTrust Banks has appointed a new chief executive for its GenSpring Family Offices wealth management subsidiary.

Thomas Carroll, the head of Atlanta-based bank’s sports and entertainment division, was announced Thursday as the successor Maria Elena “Mel” Lagomasino, who is leaving GenSpring after seven years.

GenSpring provides independent investment advice for ultra-high-net worth families. Carroll is a 16-year veteran of SunTrust, and most recently managed the company’s extensive private wealth management group for pro athletes, entertainers and entertainment industry executives and institutions.

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A sign announcing a home for sale is posted outside a home Feb. 1, 2024, in Acworth. Metro Atlanta saw a 4% decrease in April home sales compared to April 2024. (Mike Stewart/AP 2024)

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