Greg Fleming (businessman)

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Greg Fleming
Born
Gregory James Fleming

1963 (age 60–61)
Nationality American
Education Colgate University
Alma mater Yale Law School [1]
Occupation(s)Businessperson, investment banker, professor
Years active1988-present
Employer Rockefeller Capital Management (CEO)
Website Biography at Rockefeller Capital Mgmt

Gregory J. Fleming (born 1963) is an American business executive and investment banker. [1] Currently, the CEO of Rockefeller Capital Management, [2] Fleming is also a lecturer at Yale Law School in ethics and financial markets. [1] He previously served as president and chief operating officer at Merrill Lynch, where he led several major mergers and acquisitions deals in the 2000s, [3] including the $50 billion sale of Merrill Lynch to Bank of America. [4] In 2010 he became president of Morgan Stanley Investment Management, [2] then became president of Morgan Stanley Smith Barney in 2011. [5] He was named the founding president and CEO of Rockefeller Capital in 2017, [6] and is also a member of the trustee advisory board at Millennium Management, LLC. [7]

Contents

Early life and education

Born in 1963, [8] Fleming grew up in Hopewell Junction, New York; both of his parents were school teachers. [3] In 1985 [9] earned a Bachelor of Arts degree from Colgate University in economics, summa cum laude. [10] He received a J.D. from Yale Law School [11] in 1988. [12]

Career

In 1988, Fleming joined the management consulting firm Booz Allen Hamilton as a consultant, [12] later becoming a principal. [13] Fleming was hired by Merrill Lynch in 1992, [14] and was initially tasked with restructuring the firm's municipal bond division. [15] He advised on BlackRock's initial public offering in 1999, and was subsequently promoted to head Merrill Lynch's U.S. financial institutions group. [16] In 2003, he became of head the company's global investment banking, and then co-president of the capital markets unit. [14] In those roles, Fleming oversaw the merger of Merrill Lynch Investment Management and BlackRock in 2006. [17] In May 2007, Fleming and Ahmass Fakahany were named co-presidents of Merrill Lynch. [18] In June 2008, Fleming became chief operating officer. [19] After the Bank of America merger was completed in January 2009, [20] Fleming resigned from Merrill Lynch to teach at Yale University, [21] becoming a senior research scholar and lecturer in law. [8]

In 2010 [2] Fleming became president of Morgan Stanley Investment Management, [20] also joining its operating committee. [16] In 2011 he became president of global wealth management. [5] Fleming resigned from Morgan Stanley in January 2016, [19] continuing to lecture at Yale. [2] Fleming joined the board of Putnam Investments in August 2016. [22] That year, he assisted Anthony Scaramucci with selling SkyBridge Capital, [23] and in 2017 represented Derek Jeter on the consortium purchase of the Miami Marlins. [1] In 2017, Fleming was announced as the founding CEO of Rockefeller Capital Management, while also taking an ownership stake. [6]

Fleming has been quoted in the press on the number of market-related issues, and in 2022, Fortune described Fleming as a long-time advocate of increasing H1B visas to increase labor availability for specialized jobs in the US market. [24]  In September 2022, the Financial Times credited Fleming with greatly increasing Rockefeller Capital Management's presence and asset holdings in US cities. [25]  In April 2023, Bloomberg cited Fleming stating the firm had received a significant investment from the Demarais family, with plans to use the funds for expansion. [26] Fleming is also a member of the trustee advisory board at Millennium Management, LLC. [7]

Personal life

He and his wife Melissa together have three children. [10]

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References

  1. 1 2 3 4 McLannahan, Ben (November 4, 2017). "'Rockefeller. I want that name out there again and again'". Financial Times . Retrieved February 19, 2021.
  2. 1 2 3 4 Oran, Olivia (October 4, 2017). "UPDATE 1-Ex-Morgan Stanley exec Fleming in venture to set up wealth management firm". Reuters . Retrieved February 21, 2021.
  3. 1 2 Smith, Randall (February 17, 2006). "Merrill Lynch's Keystone". Wall Street Journal . Retrieved February 19, 2021.
  4. ↑ Cox, Rob (December 14, 2009). "Banking on investing". Breakingviews (Reuters). Retrieved February 21, 2021.
  5. 1 2 Craig, Susanne (January 13, 2011). "Gorman Shakes Up Morgan Stanley's Leadership". The New York Times . Retrieved February 21, 2021.
  6. 1 2 Hoffman, Liz (October 4, 2017). "Derek Jeter's Banker Joins Rockefellers in New Wall Street Venture". Wall Street Journal . Retrieved February 21, 2021.
  7. 1 2 "Hedge fund Millennium prepares for life after founder Izzy Englander".
  8. 1 2 Bowley, Graham; de la Merced, Michael J. (December 13, 2009). "Merrill Alumnus to Lead a Unit of Morgan Stanley". The New York Times . Retrieved February 19, 2021.
  9. ↑ Greg Fleming '85 Discusses Investing in Sustainable Companies, The Colgate Maroon News, April 18, 2019, retrieved July 15, 2022
  10. 1 2 Gregory Fleming, Irish America, August 2010, retrieved July 15, 2022
  11. ↑ Lattman, Peter (October 29, 2007). "Merrill CEO Candidate Greg Fleming Is One Of Us". Wall Street Journal . Retrieved February 19, 2021.
  12. 1 2 Lattman, Peter (February 17, 2006). "Merrill's Rainmaker a Lawyer By Training". Wall Street Journal . Retrieved February 19, 2021.
  13. ↑ Kennedy, Siobhan; Seib, Christine (May 12, 2008). "Greg Fleming cracks the whip again". The Sunday Times . Retrieved February 19, 2021.
  14. 1 2 LaCapra, Lauren Tara (February 12, 2014). "Insight: Wall Street's most eligible banker Fleming waits for suitor". Reuters . Retrieved February 19, 2021.
  15. ↑ "Gregory J. Fleming, 37". Crain's New York Business . March 2001. Retrieved February 19, 2021.
  16. 1 2 "Morgan Stanley Hires Ex-Merrill Executive Fleming". The New York Times . December 13, 2009. Retrieved February 21, 2021.
  17. ↑ Lucchetti, Aaron (December 14, 2009). "Morgan Stanley Hires Fleming". Wall Street Journal . Retrieved February 19, 2021.
  18. ↑ "Merrill names co-presidents; Kim leaves". Reuters . May 16, 2007. Retrieved February 19, 2021.
  19. 1 2 "Morgan Stanley names Kelleher president; Fleming leaving bank: memo". Reuters . January 6, 2016. Retrieved February 21, 2021.
  20. 1 2 Harper, Christine (December 13, 2009). "Morgan Stanley Hires Fleming to Oversee Investment Management". Bloomberg News . Retrieved February 21, 2021.
  21. ↑ Kouwe, Zachery (January 8, 2009). "Fleming Is Leaving Merrill Lynch to Go to Yale". The New York Times . Retrieved April 7, 2021.
  22. ↑ Baer, Justin (August 24, 2016). "Putnam Adds Ex-Morgan Stanley Executive Greg Fleming to Board". Wall Street Journal . Retrieved February 21, 2021.
  23. ↑ Bielski, Vincent (December 16, 2016). "Scaramucci Says Greg Fleming Advising on Possible SkyBridge Sale". Bloomberg News . Retrieved February 21, 2021.
  24. ↑ "Commentary: The Fed is oversteering on inflation–every signal suggests it's already cooling".
  25. ↑ "Rockefeller's Greg Fleming urges caution on equities for rest of 2022".
  26. ↑ "Fleming's Rockefeller Gets $3 Billion Valuation in Wealth Push". Bloomberg. April 3, 2023.

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