11/14/2017 Viking Global to Back Rockefeller Wealth Firm Led by Fleming - Bloomberg

11/14/2017 Viking Global to Back Rockefeller Wealth Firm Led by Fleming - Bloomberg Viking Global to Back Rockefeller Wealth Firm Led by Fleming By Jennifer Surane and Simone Foxman October 4, 2017, 6:12 AM PDT Updated on October 4, 2017, 9:48 AM PDT — Ex-Morgan Stanley executive Greg Fleming to be firm’s CEO — Hedge fund to become majority owner of high-net-worth adviser 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 inastatement _. Terms weren’t disclosed. Fleming, 54, who was most recently president of Morgan Stanley Wealth and Asset Management, left the Wall Street firm last year after CEO James Gorman indicated he planned to stay on at least five more years and installed an older deputy in the bank’s No. 2 position, people with knowledge of the decision said at the time. Before joining Morgan Stanley, Fleming was president of Merrill Lynch & Co. C) Replay In addition to wealth and asset management, the new company will create a unit focusing on advising large multinational companies, Fleming said in a phone interview. ‘Strategic Advice’ “Many wealthy families own companies that they need to take public or sell,” he said. “They’re looking for strategic advice, and they’re looking for interesting investments.” https:/Awww.bloomberg.com/news/articles/201 7-10-04/viking-global-to-back-rockefeller-wealth-firm-led-by-fleming 1/4 HOUSE_OVERSIGHT_012050