Rockefeller Capital Management has appointed Timothy O’Hara as the new president of Rockefeller Multi-Family Office.

Upon taking up the new role on 2 May 2019, O’Hara will lead a team of senior client advisers and multi-generational wealth planning experts. His role will be to support the expansion of the investment, tax and estate planning and philanthropic services to ultra-high-net-worth families.

O’Hara will be replacing Ray Wareham who will continue to advise clients as vice chairman of the multi-family office.

At the same time, O’Hara will become a member of Rockefeller Capital Management’s executive team.

O’Hara most recently worked at Ayco, the family office and wealth planning business owned by American investment bank Goldman Sachs, where he served as the firm’s president and CEO.

Rockefeller Capital Management president and CEO Gregory Fleming said: “With more than two decades at Ayco, Tim is one of the most experienced and accomplished leaders in the family office advisory space, and his expertise as a trusted adviser will be a great complement to our distinguished team of wealth experts”.

As of the end of September last year, Rockefeller Capital Management had approximately $18.6 billion in assets under advisement for individuals and families, family offices, nonprofit organizations and global institutions.

The firm prides itself as being the world’s first official family office. In 1882, oil magnate, John D. Rockefeller, created the company to manage the wealth needs of his family.