Administration January 4, 2010

Sun Trust Reportedly Trying to Sell Asset Management Biz

January 4, 2010 (PLANSPONSOR.com) - SunTrust Banks Inc is trying to sell its multi-boutique asset management business, people familiar with the matter said on Monday, according to Reuters.

Reported by

PLANSPONSOR staff

The sources report that SunTrust is being advised by investment bank Sandler O’Neill on a potential sale of RidgeWorth Investments, which owns interests in eight investment boutiques.

SunTrust and Sandler O’Neill declined to comment, Reuters said.