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October 6, 2017

Rockefeller and Gregory Fleming create new wealth management firm

Rockefeller Financial Services (RFS), the parent of Rockefeller & Co., and Gregory Fleming have joined forces to create a new independent financial services firm, Rockefeller Capital Management.

The new entity will include wealth management, asset management, family office advisory, as well as strategic advisory divisions. It plans to later expand its focus on global equities and ESG investing, boost its wealth capabilities, and create a strategic advisory business.

The firm will be led by Greg Fleming, who most recently was the president at Morgan Stanley Wealth and Asset Management.

Alongside Fleming, David Rockefeller, Jr., Peter O’Neill, Reuben Jeffery III, and Brian Kaufmann of Viking will be the other board members. The firm also plans to include more independent directors eventually.

Viking Global Investors will back the new firm through one of its investment funds. The size of the investment was not disclosed.

The deal is anticipated to be concluded in the first quarter of 2018, subject to certain customary closing conditions.

RFS chairman David Rockefeller, Jr. said: “The team at Rockefeller Financial Services has spent years building the highest-quality investment management firm for families and institutions. We look forward to Greg’s leadership and Viking’s support to expand the Rockefeller platform and bring new products and services to our clients.”

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