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{{AFC comment|1=You seem to be making tiny edits instead of addressing ]. It feels as if you are about to resubmit it. Instead, précis it and get rid of loads of references that seriously hamper the draft. We need to ''see'' what you assert as notability. All I see here is a ]. That's not enough. ] ] 22:42, 26 March 2021 (UTC)}}


{{AFC comment|1=You're making a good start. It's still way overblown and still looks like a LinkedIn entry. Look for fluff, clutter and padding and lose it. Lose anything that adds no value. ] ] 12:56, 20 March 2021 (UTC)}} {{AFC comment|1=You're making a good start. It's still way overblown and still looks like a LinkedIn entry. Look for fluff, clutter and padding and lose it. Lose anything that adds no value. ] ] 12:56, 20 March 2021 (UTC)}}

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  • Comment: You seem to be making tiny edits instead of addressing WP:BOMBARD. It feels as if you are about to resubmit it. Instead, précis it and get rid of loads of references that seriously hamper the draft. We need to see what you assert as notability. All I see here is a decent businessman doing a decent job. That's not enough. Fiddle Faddle 22:42, 26 March 2021 (UTC)
  • Comment: You're making a good start. It's still way overblown and still looks like a LinkedIn entry. Look for fluff, clutter and padding and lose it. Lose anything that adds no value. Fiddle Faddle 12:56, 20 March 2021 (UTC)
  • Comment: You have asked for help at the AFC Help Desk. The best place to deliver that help is here. When we see a welter of references, especially multiple references for pretty much every single point, alarm bells start to ring. Maybe that's unfair. but please read WP:BOMBARD."acquisition by Bank of America. " is a prime example of WP:CITEKILL. Instead we need one excellent reference per fact asserted. If you are sure it is beneficial, two, and at an absolute maximum, three. A fact you assert, once verified in a reliable source, is verified. More is gilding the lily. Please choose the very best in each case of multiple referencing for a single point and either drop or repurpose the remainder.Your only objective is to create a draft which is accepted. Generally this means a tightly written draft confined to the salient points that confer notability on the subject and references that pass WP:42 (a short form of explanation of reference quality). An additional element is that this appears to be more of a LinkedIn entry than an encyclopaedia article. This is his resumé. We don't wan those. We need to know what makes him notable instead.We want to accept articles. This process is designed and intended to help new editors create the very vest, tightly written, correctly referenced articles. Once accepted others will work on them to enhance them.I understand why you are disappointed. I see a great deal of work here, and this has been pushed back to you as being off kilter. Fiddle Faddle 07:57, 19 March 2021 (UTC)
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Gregory James Fleming (born February 27, 1963) is an American business executive and investment banker. He has been the president and CEO of Rockefeller Capital Management since its founding in 2018. Prior to that, he held senior executive positions on Wall Street, including president and chief operating officer at Merrill Lynch, and president of Morgan Stanley Investment Management and president of Morgan Stanley Wealth Management at Morgan Stanley.

While at Merrill Lynch, Fleming led several major mergers and acquisitions deals in the 2000s, including the $15 billion merger of First Union Corporation and Wachovia National Bank in 2001, the $9.8 billion 2006 merger of Merrill Lynch Investment Management and BlackRock, and the $50 billion sale of Merrill Lynch to Bank of America at the height of the subprime mortgage crisis in September 2008. He was seen as a possible successor to Merrill Lynch CEO Stan O'Neal in 2007 at the time of O'Neal's ouster, and to CEO John Thain prior to the 2008 financial crisis. During his subsequent years at Morgan Stanley, where he led the wealth management division to generate more than half of the firm's revenue, he was reported to be a likely successor to CEO James Gorman.

Fleming is also a visiting lecturer at Yale Law School, teaching courses in ethics and in financial markets.

Early life and education

Fleming grew up in Hopewell Junction, New York; both of his parents were school teachers.

He received a B.A. in economics from Colgate University in 1985. He received a J.D. from Yale Law School in 1988.

Career

Booz Allen Hamilton

In 1988, after graduating from law school, Fleming became an associate at the management consulting firm Booz Allen Hamilton in New York City. He rose to the position of principal at the firm.

Merrill Lynch

In 1992, Fleming was hired from Booz Allen by Merrill Lynch, initially tasked with restructuring the firm's troubled municipal bond division. He then moved into investment banking and joined the firm's financial institutions group.

In 1999, he was promoted to managing director of the firm's global investment banking group and to head of its U.S. financial institutions group. He became co-head of the global financial institutions group in April 2001. In September 2001, he was noted for leading the $14.5 billion merger of his client First Union Corporation and Wachovia National Bank, in the face of a higher competing bid to take over Wachovia by SunTrust Banks.

In January 2003, he was appointed chief operating officer of the firm's global investment banking group. In August 2003, he was appointed co-president, along with Dow Kim, of Merrill Lynch's global markets and investment banking group, with Fleming in charge of all origination activities, including global investment banking, and Kim in charge of global debt and equity businesses. He and Kim were also made executive vice presidents at the firm in October 2003.

In 2006, Fleming helped lead the merger of Merrill Lynch Investment Management and BlackRock, creating one of the world's biggest money managers; in the transaction, which solidified Fleming's reputation as a deal-maker, Merrill Lynch acquired a $1 billion infusion of capital and a 49.8% stake in BlackRock, and he gained a seat on BlackRock's board. Previously, in 1999, he had advised on BlackRock's initial public offering.

In May 2007, when Kim left the firm, CEO Stan O'Neal promoted Fleming and Ahmass Fakahany to co-presidents of Merrill Lynch; as part of a reorganization, eight executives in the global markets and investment banking group, the largest and most profitable of Merrill Lynch's divisions, reported directly to the two co-presidents.

When CEO O'Neal was ousted from Merrill Lynch in late October 2007, Fleming and Fakahany led the firm as co-presidents and chief operating officers. John Thain was hired as CEO in mid November 2007. Fakahany's roles were reduced and he left the firm at the end of January 2008, leaving Fleming as president and chief operating officer.

He had been seen as a possible CEO successor to O'Neal in 2007, and then also to Thain, prior to Merrill Lynch's subprime mortgage crisis in September 2008. Fleming was instrumental in salvaging Merrill Lynch by orchestrating its acquisition by Bank of America, and negotiating a high crisis-era valuation of $50 billion at $29 per share. After the Bank of America acquisition was completed in January 2009, rather than accepting a position as head of the global corporate, commercial, and investment banking operations of Bank of America Corporation, he resigned from Merrill Lynch to take a teaching position at Yale University.

Morgan Stanley

In December 2009, Morgan Stanley's incoming CEO James Gorman hired Fleming to be president of Morgan Stanley Investment Management, comprising asset management, merchant banking, and research, effective February 2010. He also became a member of the firm's operating committee.

At the time of his hiring, Morgan Stanley was in the middle of acquiring the Smith Barney wealth management business from Citigroup; Fleming was placed in charge of the entire operation. In January 2011 he was promoted to president of global wealth management including Morgan Stanley Smith Barney, while continuing to run asset management. Fleming oversaw the integration of Smith Barney with Morgan Stanley, and the division was rebranded Morgan Stanley Wealth Management in September 2012. Under his leadership, by early 2014 it generated more than half of Morgan Stanley's revenue.

Fleming was reported to be a likely successor to CEO Gorman. In January 2016 Gorman promoted head of institutional securities Colm Kelleher to president of Morgan Stanley, and Fleming resigned from the firm.

Advisory work 2016 to 2018

In addition to his lecturing at Yale Law School, Fleming joined the board of Putnam Investments in August 2016.

In 2016 and early 2017 he assisted Anthony Scaramucci on the deal to divest his hedge-fund investment firm SkyBridge Capital prior to joining the Trump administration. In 2017 he advised and represented Derek Jeter on the consortium purchase of the Miami Marlins, and acquired a small stake in the baseball team.

Rockefeller Capital Management

In 2017, Fleming was announced as the founding CEO of a new company, Rockefeller Capital Management, created when Viking Global Investors acquired majority ownership of Rockefeller & Co., the Rockefeller family's wealth-management family office. Fleming also took a stake in the new firm.

Rockefeller Capital Management, an independent financial services firm offering wealth management, asset management, and strategic advisory to ultra-high-net-worth families and institutions, began operations in March 2018, with Fleming as president and CEO. To grow the firm, he aggressively recruited investment bankers, financial advisor teams, brokers, and executives from the major Wall Street full-service brokerage firms. He also made acquisitions, and opened branch offices in cities across the U.S. By the end of 2020, the firm had 19 offices in 14 states and oversaw more than $69 billion in client assets.

Fleming also created the firm's strategic advisory division, which Rockefeller & Co. did not have; the division offers corporate and investment banking advice such as mergers and acquisitions.

Academic career and board memberships

In January 2009, Fleming became a senior research scholar at Yale Law School, and a distinguished visiting fellow and visiting lecturer at its Center for the Study of Corporate Law. He has taught courses there in ethics and financial markets, and seminars on the 2007–2008 financial meltdown.

Fleming is on the board of directors of Rockefeller Capital Management. He serves on the board of advisors of the Yale Law School Center for the Study of Corporate Law, and on the board of trustees of Deerfield Academy. He is a member of the Council on Foreign Relations. He is a member of the resource council of the Turn 2 Foundation, and on the board of directors of Ronald McDonald House New York. He is a member of the advisory team of Covr Financial Technologies.

Personal life

Fleming married his wife Melissa in 1990. They live in Westchester County, New York and have three children.

References

  1. ^ "Melissa Shaw Married To Gregory J. Fleming". The New York Times. April 29, 1990. Retrieved February 19, 2021.
  2. ^ McLannahan, Ben (November 4, 2017). "'Rockefeller. I want that name out there again and again'". Financial Times. Retrieved February 19, 2021.
  3. ^ Smith, Randall (February 17, 2006). "Merrill Lynch's Keystone". Wall Street Journal. Retrieved February 19, 2021.
  4. ^ Lattman, Peter (October 29, 2007). "Merrill CEO Candidate Greg Fleming Is One Of Us". Wall Street Journal. Retrieved February 19, 2021.
  5. ^ Keoun, Bradley (November 15, 2017). "Perennial Wall Street Runner-Up Greg Fleming Is Now Rockefellers' Money Man". TheStreet.com. Retrieved February 19, 2021.
  6. ^ LaCapra, Lauren Tara (February 12, 2014). "Insight: Wall Street's most eligible banker Fleming waits for suitor". Reuters. Retrieved February 19, 2021.
  7. ^ Baer, Justin (January 6, 2016). "Morgan Stanley Shake-Up Leaves Colm Kelleher as Top Lieutenant". Wall Street Journal. Retrieved February 21, 2021.
  8. ^ "Gregory Fleming". Yale Law School. Retrieved February 19, 2021.
  9. Lattman, Peter (February 17, 2006). "Merrill's Rainmaker a Lawyer By Training". Wall Street Journal. Retrieved February 19, 2021.
  10. Kennedy, Siobhan; Seib, Christine (May 12, 2008). "Greg Fleming cracks the whip again". The Times. Retrieved February 19, 2021.
  11. "Gregory J. Fleming, 37". Crain's New York Business. March 2001. Retrieved February 19, 2021.
  12. ^ Ritholtz, Barry (November 29, 2020). "Masters in Business: Transcript: Greg Fleming on Shaping Wall Street". Bloomberg Radio. Bloomberg. Retrieved February 19, 2021.
  13. ^ Merrill Lynch & Co., Inc. (March 1, 2004). "Form 10-K Annual Report for the fiscal year ended December 26, 2003". GetFilings.com. U.S. Securities and Exchange Commission. Retrieved February 19, 2021.
  14. ^ "O'Neal Men Fleming, Kim Promoted at Merrill". TheStreet.com. October 27, 2003. Retrieved February 19, 2021.
  15. "Zakaria to Leave Merrill This Year". Los Angeles Times. August 7, 2003. Retrieved February 19, 2021.
  16. ^ Lucchetti, Aaron (December 14, 2009). "Morgan Stanley Hires Fleming". Wall Street Journal. Retrieved February 19, 2021.
  17. 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.
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  19. ^ "Merrill to combine unit with BlackRock". NBC News. Associated Press. February 15, 2006. Retrieved February 19, 2021.
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  22. Keoun, Bradley (October 30, 2007). "Merrill Ousts O'Neal, Names Cribiore Interim Chairman". Bloomberg News. Retrieved February 19, 2021.
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  24. White, Ben (January 28, 2008). "Key executive at Merrill to quit". Financial Times. Retrieved February 19, 2021.
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  26. ^ Sorkin, Andrew Ross (2009). Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves. Penguin Books. pp. 133–148, 253–254, 276–277, 305–359. ISBN 978-0-670-02125-3.
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  28. Cox, Rob (September 13, 2018). "The Exchange: Greg Fleming". Breakingviews. Retrieved February 21, 2021.
  29. Shazar, Jon (October 4, 2017). "Former Morgan Stanley Heir Apparent Now Best Known As Adviser To Former Baseball Player". Dealbreaker. Retrieved March 20, 2021.
  30. ^ Harper, Christine (December 13, 2009). "Morgan Stanley Hires Fleming to Oversee Investment Management". Bloomberg News. Retrieved February 21, 2021.
  31. Cox, Rob (January 8, 2009). "Leaving the Herd". Breakingviews. Retrieved February 21, 2021.
  32. Brennan, Lisa (January 8, 2009). "Hank's TARP, Madoff Feeder-Fund Fees: Compliance". Bloomberg News. Retrieved February 21, 2021.
  33. ^ Carney, John (March 10, 2009). "Where Is Greg Fleming Now?". Business Insider. Retrieved February 21, 2021.
  34. Seib, Christine (December 13, 2009). "Morgan Stanley hires ex Merrill head Fleming". The Sunday Times. Retrieved February 21, 2021.
  35. "Morgan Stanley Hires Ex-Merrill Executive Fleming". The New York Times. December 13, 2009. Retrieved February 21, 2021.
  36. Popper, Nathaniel (January 6, 2016). "At Morgan Stanley, a Promotion and a Departure in the Top Executive Ranks". The New York Times. Retrieved February 21, 2021.
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  39. Davies, Harriet (September 25, 2012). "Historic Smith Barney Brand Meets Its End". WealthBriefing. Retrieved February 21, 2021.
  40. ^ 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.
  41. "Morgan Stanley names Kelleher president; Fleming leaving bank: memo". Reuters. January 6, 2016. Retrieved February 21, 2021.
  42. Baer, Justin (August 24, 2016). "Putnam Adds Ex-Morgan Stanley Executive Greg Fleming to Board". Wall Street Journal. Retrieved February 21, 2021.
  43. Bielski, Vincent (December 16, 2016). "Scaramucci Says Greg Fleming Advising on Possible SkyBridge Sale". Bloomberg News. Retrieved February 21, 2021.
  44. Kumar, Nishant (January 17, 2017). "Scaramucci Clarifies That His SkyBridge Is 'Almost' Sold". Bloomberg News. Retrieved February 21, 2021.
  45. Ritholtz, Barry (November 30, 2020). "Greg Fleming's Keys to Creating Effective Deals". Bloomberg. Retrieved February 21, 2021.
  46. ^ Hoffman, Liz (October 4, 2017). "Derek Jeter's Banker Joins Rockefellers in New Wall Street Venture". Wall Street Journal. Retrieved February 21, 2021.
  47. Garmhausen, Steve (March 1, 2018). "Rockefeller Capital Management Opens, Chasing $100 Billion". Barron's. Retrieved February 21, 2021.
  48. Picerno, James (March 9, 2018). "Recruiters salivate as Greg Fleming completes marriage to Rockefeller & Co. to fill 'HighTower' void but now begins the wait for a business model". RIABiz. Retrieved February 21, 2021.
  49. Ungarino, Rebecca (July 27, 2020). "Greg Fleming's $43 billion Rockefeller Capital has hired 19 adviser teams from top wealth firms in 7 months. Execs lay out where it's focused next". Business Insider. Retrieved February 21, 2021.
  50. ^ Ungarino, Rebecca (January 7, 2021). "Greg Fleming's Rockefeller is eyeing more deals like the $1.4 billion wealth firm it's buying. Its family office head lays out its aggressive cross-country push". Business Insider. Retrieved February 21, 2021.
  52. Morris, Meghan (October 12, 2018). "Ex-Morgan Stanley rainmaker Greg Fleming's new firm is putting in place 'the building blocks' to reach $100 billion in assets — and it's just made its biggest move yet". Business Insider. Retrieved February 22, 2021.
  53. Higgins, James (December 17, 2018). "Firm with ties to famous financial family chases talent and wealth in S.F." San Francisco Business Times. Retrieved February 22, 2021.
  54. Dalal, Khyathi (January 5, 2021). "Associated Banc-Corp divests wealth management subsidiary Whitnell to Rockefeller Capital". Seeking Alpha. Retrieved February 22, 2021.
  55. Morrell, Alex (March 5, 2018). "Meet the Rockefeller family's new rainmaker". Business Insider. Retrieved February 22, 2021.
  56. Avery, Helen (February 6, 2019). "Wealth management: The Next Generation". Euromoney. Retrieved February 22, 2021.
  57. ^ "Gregory J. Fleming '88 to Join Yale Law School's Corporate Law Center". Yale Law School. January 8, 2009. Retrieved February 22, 2021.
  58. "Gregory Fleming '88 Honored by Yale Law & Business Society". Yale Law School. July 6, 2016. Retrieved February 22, 2021.
  59. "Our Leadership". Rockefeller Capital Management. Retrieved February 22, 2021.
  60. "Board of Advisors". Yale Law School Center for the Study of Corporate Law. Retrieved February 22, 2021.
  61. "Board of Trustees". Deerfield Academy. Retrieved February 22, 2021.
  62. "Membership Roster". Council on Foreign Relations. Retrieved February 22, 2021.
  63. "Our Team". Turn 2 Foundation. Retrieved February 22, 2021.
  64. "Our People". Ronald McDonald House New York. Retrieved February 23, 2021.
  65. "Advisory Team". Covr Financial Technologies. Retrieved February 22, 2021.

External links

Category:Living people Category:1963 births Category:American chief executives of financial services companies Category:American investment bankers Category:Merrill (company) people Category:Morgan Stanley people Category:Booz Allen Hamilton people Category:Yale Law School alumni Category:Yale Law School faculty Category:Colgate University alumni Category:People from Hopewell Junction, New York Category:People from Westchester County, New York

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