Gregory J. Fleming (born 1963) is an American business executive and investment banker. Currently, the CEO of

Rockefeller Capital Management Rockefeller Capital Management is an independent wealth management and financial services firm, founded in 2018. The firm offers family office, asset management, and strategic advisory services to high-net-worth individuals and families, instituti ...

, Fleming is also a lecturer at Yale Law School in ethics and financial markets. He previously served as president and chief operating officer at

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...

, where he led several major

mergers and acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

deals in the 2000s, including the $50 billion sale of Merrill Lynch to Bank of America. In 2010 he became president of Morgan Stanley Investment Management, then became president of

Morgan Stanley Smith Barney Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, Morgan Stanley and Citigroup annou ...

in 2011. He was named the founding president and CEO of Rockefeller Capital in 2017, and is also a member of the trustee advisory board at Millennium Management, LLC.

Early life and education

Born in 1963, Fleming grew up in

Hopewell Junction, New York Hopewell Junction is a hamlet and census-designated place (CDP) in Dutchess County, New York, United States. The population was 1330 at the 2020 census. It is part of the Poughkeepsie– Newburgh– Middletown, NY Metropolitan Statistical ...

; both of his parents were school teachers. In 1985 earned a Bachelor of Arts degree from

Colgate University Colgate University is a private liberal arts college in Hamilton, New York. The college was founded in 1819 as the Baptist Education Society of the State of New York and operated under that name until 1823, when it was renamed Hamilton Theologi ...

in economics, summa cum laude. He received a J.D. from Yale Law School in 1988.

Career

In 1988, Fleming joined the management consulting firm Booz Allen Hamilton as a consultant, later becoming a principal. Fleming was hired by

in 1992, and was initially tasked with restructuring the firm's

municipal bond A municipal bond, commonly known as a muni, is a Bond (finance), bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal ...

division. He advised on BlackRock's initial public offering in 1999, and was subsequently promoted to head Merrill Lynch's U.S. financial institutions group. In 2003, he became of head the company's global investment banking, and then co-president of the capital markets unit. In those roles, Fleming oversaw the merger of Merrill Lynch Investment Management and BlackRock in 2006. In May 2007, Fleming and Ahmass Fakahany were named co-presidents of Merrill Lynch. In June 2008, Fleming became chief operating officer. After the Bank of America merger was completed in January 2009, Fleming resigned from Merrill Lynch to teach at Yale University, becoming a senior research scholar and lecturer in law. In 2010 Fleming became president of Morgan Stanley Investment Management, also joining its operating committee. In 2011 he became president of global wealth management. Fleming resigned from Morgan Stanley in January 2016, continuing to lecture at Yale. Fleming joined the board of Putnam Investments in August 2016. That year, he assisted

Anthony Scaramucci Anthony Scaramucci ( ; born January 6, 1964) is an American financier who briefly served as the White House Communications Director, White House Director of Communications from July 21 to July 31, 2017. Scaramucci worked at Goldman Sachs's inv ...

with selling SkyBridge Capital, and in 2017 represented

Derek Jeter Derek Sanderson Jeter ( ; born June 26, 1974) is an American former professional baseball shortstop, businessman, and baseball executive. As a player, Jeter spent his entire 20-year Major League Baseball (MLB) career with the New York Yankees ...

on the consortium purchase of the

Miami Marlins The Miami Marlins are an American professional baseball team based in Miami. The Marlins compete in Major League Baseball (MLB) as a member club of the National League (NL) East division. The club's home ballpark is LoanDepot Park. The franc ...

. In 2017, Fleming was announced as the founding CEO of

, while also taking an ownership stake. 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.https://fortune.com/2022/09/28/fed-oversteering-inflation-signal-suggests-cooling-powell-dollar-economy-sonnenfeld-tian/ In September 2022, the ''Financial Times'' credited Fleming with greatly increasing Rockefeller Capital Management's presence and asset holdings in US cities.https://www.ft.com/content/e9f86e34-1a5c-4d6e-9214-c19434cc2e8a?curator=biztoc.com 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.https://www.bloomberg.com/news/articles/2023-04-03/fleming-s-rockefeller-gets-3-billion-valuation-in-wealth-push Fleming is also a member of the trustee advisory board at Millennium Management, LLC.https://www.ft.com/content/9609e9de-a7b5-4918-a534-4b85786f2749

Personal life

He and his wife Melissa together have three children.

Early life and education

Career

Personal life

References

Further reading