Viking Global to Back Rockefeller Wealth Firm Led by Fleming
- Ex-Morgan Stanley executive Greg Fleming to be firm’s CEO
- Hedge fund to become majority owner of high-net-worth adviser
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Greg Fleming, a former top executive at Morgan Stanley, is joining with the Rockefeller family office to create a wealth-management firm that will be backed by Viking Global Investors.
Fleming will be chief executive officer of Rockefeller Capital Management, an adviser to the ultra-wealthy that will be acquired by Viking Global after the deal is completed early next year, the New York-based company said Wednesday in a statement. Terms weren’t disclosed.