G. Stuart Spence, Jr. peacefully passed away Monday, February 18, 2019, at his home in Montecito. He and his wife, Carol, were longtime residents of Belvedere and Tiburon.
Stu was born on March 2, 1930, in Chicago, Illinois, to Jessie F. Tyrrell and G. Stuart Spence, Sr.
Stu graduated from the University of California at Berkeley in 1952, became a major in the U.S. Army, and, in 1955, began his notable business career at American Can Company, following in the footsteps of his father and grandfather. In 1962 he joined Kidder Peabody, & Co., where he rose to managing director and partner. Kidder Peabody was purchased in 1986 by General Electric, then by Paine Webber; and Paine Webber was ultimately purchased by UBS, the firm from which Stu retired in 2016 at the age of 86.
Over the years, Stu was a member of many organizations and served on numerous boards in San Francisco and the Bay Area: The Pacific Union Club (past president), The Bohemian Club, St. Francis Yacht Club (past chairman), San Francisco Yacht Club, Securities Industry Association (past chairman), National Association of Securities Dealers, San Francisco Bond Club (past president), University of California at Berkeley (Library Advisory Committee and Class of 1952 Gift Committee chairman), Prevent Blindness Northern California, and the Hearing and Speech Center of Northern California (past chairman). He was on the scholarship and fundraising committees for the Alpha Delta Phi fraternity at University of California at Berkeley. Stu was also an avid sailor.
Stu is survived by his loving and devoted wife, Carol; his daughters, Deborah Fleckenstine (Van), and Melinda Spence; granddaughters Chelsea Andersen (Shane) and Randi Fleckenstine Freitas; and great-grandchildren Callen and Devon Andersen. He is also survived by his stepmother, Grace Spence; sister Mitzi Magin; brother Richard Spence (Leanne); niece Leslie Larsen; and nephews Chris and Sean. Stu was predeceased by his son, Gregory.
A service will be held on March 27, 2019, at 10:00 a.m. at Grace Cathedral in San Francisco, the Very Reverend Dr. Malcolm Clemens Young officiating.
Memorials may be made to the charity of your choice.