Institutional Money Management Legend Tony Gray Retires

June 2, 2000 ( - After more than three decades, an institutional money management legend, SunTrust's Anthony (Tony) Gray has announced a surprise decision to retire at the end of July. The move precedes a planned integration of investment management subsidiaries at SunTrust.

Gray, 60, Chief Investment Officer for STI Capital Management and manager of the STI Classic Capital Appreciation Fund, is a nationally recognized equity portfolio manager and investment industry observer, as well as the author of “A Thousand Miles from Wall Street,” an industry commentary published in 1995. His retirement concludes a 20-year career at SunTrust.

“Tony Gray has been a major contributor to the growth of our investment management firm over many years, and we wish him well in his retirement,” said Douglas S. Phillips, president of Trusco Capital Management, SunTrust’s institutional investment management subsidiary.

Taking the reins for the STI Classic Capital Appreciation Fund is Robert Rhodes, 53, who has been managing several of Trustco Capital’s largest equity relationships and key mutual funds for more than a decade. Rhodes joined Trusco in 1973, and has 27 years of investment experience.

In January SunTrust announced its intention to combine its three institutional investment management subsidiaries (Trusco Capital management, STI Capital Management, and Crestar Asset Management Company) into a single registered investment advisor.