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Greg Fleming (businessman)

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Greg Fleming
Born
Gregory James Fleming

1963 (age 60–61)
NationalityAmerican
EducationColgate University
Alma materYale Law School[1]
Occupation(s)Businessperson, investment banker, professor
Years active1988-present
EmployerRockefeller Capital Management (CEO)
WebsiteBiography 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]

Early life and education

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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

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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

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

References

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  1. ^ a b c d McLannahan, Ben (November 4, 2017). "'Rockefeller. I want that name out there again and again'". Financial Times. Retrieved February 19, 2021.
  2. ^ a b c d 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. ^ a b 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. ^ a b Craig, Susanne (January 13, 2011). "Gorman Shakes Up Morgan Stanley's Leadership". The New York Times. Retrieved February 21, 2021.
  6. ^ a b Hoffman, Liz (October 4, 2017). "Derek Jeter's Banker Joins Rockefellers in New Wall Street Venture". Wall Street Journal. Retrieved February 21, 2021.
  7. ^ a b "Hedge fund Millennium prepares for life after founder Izzy Englander".
  8. ^ a b 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. ^ a b 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. ^ a b 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. ^ a b 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. ^ a b "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. ^ a b "Morgan Stanley names Kelleher president; Fleming leaving bank: memo". Reuters. January 6, 2016. Retrieved February 21, 2021.
  20. ^ a b 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.

Further reading

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