AmSouth Names Citigroup's Head of U.S. Private Banking To Lead Wealth Management Group

Apr 12, 2001, 01:00 ET from AmSouth Bancorporation

     BIRMINGHAM, Ala., April 12 /PRNewswire/ -- AmSouth Bank has selected
 Geoff von Kuhn, head of Citigroup's U.S. Private Bank, to lead its Wealth
 Management Group, which includes AmSouth's investment services, trust and
 private banking areas.
     At Citigroup, von Kuhn was responsible for the United States region of the
 largest U.S.-based private banking business in the world, serving clients with
 an average net worth of $10 million.
     "Geoff von Kuhn's decision to join AmSouth demonstrates in the clearest
 possible terms that AmSouth is building a top-tier wealth management
 business," said Dowd Ritter, AmSouth's chairman, president and chief executive
 officer.  "We already have a top-ranked bank-managed family of mutual funds
 and some of the most productive investment services representatives in the
 country.  Geoff's leadership and vision will help us meet our goal of doubling
 the contribution of our Wealth Management Group by 2003."
     Before joining Citigroup in May 2000, von Kuhn, 49, spent six years at
 Bank One in Chicago and Columbus, Ohio, ultimately serving as senior managing
 director of Banc One Capital Markets.  Prior to his positions in the capital
 markets area at Bank One he held various senior positions in Bank One's
 investment management areas.  In his 28-year financial services career, von
 Kuhn has also worked for Lehman Brothers and Bankers Trust in New York, London
 and Tokyo, all in capital markets and institutional asset management
 positions.
     At AmSouth, von Kuhn will lead a Wealth Management Group that includes a
 Trust Division with $25.8 billion in assets; a family of 28 mutual funds with
 $7.3 billion in assets under management; a brokerage subsidiary, AmSouth
 Investment Services, with 171 registered investment representatives and more
 than 1,300 licensed annuity representatives in the bank's branches; and a
 private banking group serving high net worth customers, which has seen its
 portfolio double to $6 billion in the past two years.  The Wealth Management
 Group also provides corporate retirement plans and institutional asset
 management, including natural resources management.
     The AmSouth Funds have experienced strong growth in terms of assets and
 available portfolios, as well as in national recognition.  Barron's magazine
 ranked the AmSouth family of funds best among bank-run funds in its February
 survey and tenth overall for 2000 performance.  AmSouth's fund family
 currently provides investors with eight funds which have either a four-star or
 five-star rating by Morningstar as of March 31, 2001.  The AmSouth Funds had
 more assets as a percentage of total assets in funds with a four- or five-star
 designation from Morningstar than any other bank-run fund family in the
 nation; and AmSouth's Trust Division ranks in the top 10 nationally for the
 number of acres of farm, timberland and mineral rights managed.
 
     About AmSouth
     AmSouth (NYSE:   ASO) is a regional bank holding company headquartered in
 Birmingham with $38.9 billion in assets, 600 branch banking offices and 1,250
 ATMs.  AmSouth operates in Tennessee, Alabama, Florida, Mississippi, Louisiana
 and Georgia.  AmSouth is a leader among regional banks in the Southeast in
 several key business segments, including annuity and mutual fund sales, and
 trust and investment management services, consumer and commercial banking,
 small business banking, mortgage lending and equipment leasing.  AmSouth also
 offers a complete line of banking products and services at its web site,
 www.amsouth.com .
 
     Safe Harbor statement
     Statements made in this document which are not purely historical are
 forward-looking statements, including any statements regarding descriptions of
 management's plans, objectives or goals for future operations, products or
 services, and forecasts of its revenues, earnings or other measures of
 performance.
     Forward-looking statements are based on current management expectations
 and, by their nature, are subject to risks and uncertainties.  A number of
 factors -- many of which are beyond the Company's control -- could cause
 actual conditions, events or results to differ significantly from those
 described in the forward-looking statements.  The Company's most recent annual
 and quarterly reports filed with the Securities and Exchange Commission,
 including the Company's Form 10-K for the year ended December 31, 2000,
 describe some of these factors which could cause results to differ materially
 from management's current expectations including: the integration of the
 former First American franchise; the execution of AmSouth's strategic
 initiatives; legislation; general economic conditions, especially in the
 Southeast; changes in interest rates; deposit flows; the cost of funds; cost
 of federal deposit insurance premiums; demand for loan products; demand for
 financial services; competition; changes in the quality or composition of
 AmSouth's loan and investment portfolios; changes in accounting principles,
 policies or guidelines; other economic, competitive, governmental, regulatory,
 and technical factors affecting AmSouth's operations, products, services and
 prices; and the outcome of litigation, which is inherently uncertain and
 depends on the findings of judges and juries.
     Forward-looking statements speak only as of the date they are made.  The
 Company does not undertake a duty to update forward-looking statements to
 reflect circumstances or events that occur after the date the forward-looking
 statements are made.
     This is a press release to the media and is not intended for any other
 use.
 
 

SOURCE AmSouth Bancorporation
     BIRMINGHAM, Ala., April 12 /PRNewswire/ -- AmSouth Bank has selected
 Geoff von Kuhn, head of Citigroup's U.S. Private Bank, to lead its Wealth
 Management Group, which includes AmSouth's investment services, trust and
 private banking areas.
     At Citigroup, von Kuhn was responsible for the United States region of the
 largest U.S.-based private banking business in the world, serving clients with
 an average net worth of $10 million.
     "Geoff von Kuhn's decision to join AmSouth demonstrates in the clearest
 possible terms that AmSouth is building a top-tier wealth management
 business," said Dowd Ritter, AmSouth's chairman, president and chief executive
 officer.  "We already have a top-ranked bank-managed family of mutual funds
 and some of the most productive investment services representatives in the
 country.  Geoff's leadership and vision will help us meet our goal of doubling
 the contribution of our Wealth Management Group by 2003."
     Before joining Citigroup in May 2000, von Kuhn, 49, spent six years at
 Bank One in Chicago and Columbus, Ohio, ultimately serving as senior managing
 director of Banc One Capital Markets.  Prior to his positions in the capital
 markets area at Bank One he held various senior positions in Bank One's
 investment management areas.  In his 28-year financial services career, von
 Kuhn has also worked for Lehman Brothers and Bankers Trust in New York, London
 and Tokyo, all in capital markets and institutional asset management
 positions.
     At AmSouth, von Kuhn will lead a Wealth Management Group that includes a
 Trust Division with $25.8 billion in assets; a family of 28 mutual funds with
 $7.3 billion in assets under management; a brokerage subsidiary, AmSouth
 Investment Services, with 171 registered investment representatives and more
 than 1,300 licensed annuity representatives in the bank's branches; and a
 private banking group serving high net worth customers, which has seen its
 portfolio double to $6 billion in the past two years.  The Wealth Management
 Group also provides corporate retirement plans and institutional asset
 management, including natural resources management.
     The AmSouth Funds have experienced strong growth in terms of assets and
 available portfolios, as well as in national recognition.  Barron's magazine
 ranked the AmSouth family of funds best among bank-run funds in its February
 survey and tenth overall for 2000 performance.  AmSouth's fund family
 currently provides investors with eight funds which have either a four-star or
 five-star rating by Morningstar as of March 31, 2001.  The AmSouth Funds had
 more assets as a percentage of total assets in funds with a four- or five-star
 designation from Morningstar than any other bank-run fund family in the
 nation; and AmSouth's Trust Division ranks in the top 10 nationally for the
 number of acres of farm, timberland and mineral rights managed.
 
     About AmSouth
     AmSouth (NYSE:   ASO) is a regional bank holding company headquartered in
 Birmingham with $38.9 billion in assets, 600 branch banking offices and 1,250
 ATMs.  AmSouth operates in Tennessee, Alabama, Florida, Mississippi, Louisiana
 and Georgia.  AmSouth is a leader among regional banks in the Southeast in
 several key business segments, including annuity and mutual fund sales, and
 trust and investment management services, consumer and commercial banking,
 small business banking, mortgage lending and equipment leasing.  AmSouth also
 offers a complete line of banking products and services at its web site,
 www.amsouth.com .
 
     Safe Harbor statement
     Statements made in this document which are not purely historical are
 forward-looking statements, including any statements regarding descriptions of
 management's plans, objectives or goals for future operations, products or
 services, and forecasts of its revenues, earnings or other measures of
 performance.
     Forward-looking statements are based on current management expectations
 and, by their nature, are subject to risks and uncertainties.  A number of
 factors -- many of which are beyond the Company's control -- could cause
 actual conditions, events or results to differ significantly from those
 described in the forward-looking statements.  The Company's most recent annual
 and quarterly reports filed with the Securities and Exchange Commission,
 including the Company's Form 10-K for the year ended December 31, 2000,
 describe some of these factors which could cause results to differ materially
 from management's current expectations including: the integration of the
 former First American franchise; the execution of AmSouth's strategic
 initiatives; legislation; general economic conditions, especially in the
 Southeast; changes in interest rates; deposit flows; the cost of funds; cost
 of federal deposit insurance premiums; demand for loan products; demand for
 financial services; competition; changes in the quality or composition of
 AmSouth's loan and investment portfolios; changes in accounting principles,
 policies or guidelines; other economic, competitive, governmental, regulatory,
 and technical factors affecting AmSouth's operations, products, services and
 prices; and the outcome of litigation, which is inherently uncertain and
 depends on the findings of judges and juries.
     Forward-looking statements speak only as of the date they are made.  The
 Company does not undertake a duty to update forward-looking statements to
 reflect circumstances or events that occur after the date the forward-looking
 statements are made.
     This is a press release to the media and is not intended for any other
 use.
 
 SOURCE  AmSouth Bancorporation