This week, we speak with Greg Fleming, founding CEO of Rockefeller Capital Management based on the prior Rockefeller Family Office. They have about $43 billion in AUM. Previously, Fleming was President of Morgan Stanley Wealth Management and served as Chief Operating Officer of Merrill Lynch, where he ran Merrill’s Global Investment Banking business.
We discuss a variety of M&A transactions Fleming managed, including the spinout of Blackrock from Merrill Lynch, as well as the outright purchase of Merrill Lynch by Bank of America. He put together a group to bid on the Miami Marlins baseball team, eventually working with Yankee great Derek Jeter. They finalized the purchase in 2017; Jeter is the President and minority owner; Fleming owns a small percentage of the Marlins. He also discusses the only time in his career when an M&A deal resulted in a gratuity to the bankers involved.
He explains why Rockefeller Capital offers a suite of unusual Advisory services, including: Private Aviation, Private Health, Personal Security, Philanthropic and Global Rescue. He explains how the firm came to offering these services, as well as the history of the Rockefeller family offices, and why he helped to convert that into a full advisory firm.
Be sure to check out our Masters in Business next week with Catherine Keating, CEO of BNY Mellon Wealth Management. The group has more than $266 billion in assets, Previously, she was the Chief Executive Officer of Commonfund. Keating has been named to the “Most Powerful Women in Finance” list and one of the “Most Powerful Women in Banking” list by American Banker.